| ▲ | solidsnack9000 2 hours ago | |
I'm not sure how there is a societal problem with "run-away levels of wealth". We have societal problems around food costs, housing costs, healthcare costs, &c; but people with extreme wealth are not bidding up sandwiches, studio apartments, &c, &c. If we "solve" their wealth by taking it from them and giving it to the government, what does that help? What good is the government going to do with that? Allocating money through the government has not been a particularly successful strategy for improving the overall standard of living. | ||
| ▲ | Epa095 an hour ago | parent | next [-] | |
Money is votes into the economy and what it shall produce. The more money you have, the larger vote you have. Taxes are the way the government takes controll over a fraction of the votes. Then the government can use this power to make good or bad decisions. One thing which is clear is that the billionaires is not using their power over the economy to fix any of the deep fundamental problems we are facing | ||
| ▲ | i_cannot_hack an hour ago | parent | prev [-] | |
> Allocating money through the government has not been a particularly successful strategy for improving the overall standard of living. What are you even basing this assumption on? Just quickly comparing the highest ranking countries by Human Development Index with the highest government budgets per capita and the highest income tax rates would, if anything, support the opposite conclusion. https://en.wikipedia.org/wiki/List_of_countries_by_Human_Dev... https://en.wikipedia.org/wiki/List_of_countries_by_governmen... https://tradingeconomics.com/country-list/personal-income-ta... | ||