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It seems to me that there is probably some optimized point between total economic equality and extreme inequality. I believe we are drifting further away from
by danhak 11y ago
It seems to me that there is probably some optimized point between total economic equality and extreme inequality. I believe we are drifting further away from that point.
In concrete terms, I don't believe those with pre-existing access to capital should receive privileged tax treatment. I'm im favor of lowering taxes on earned income and raising taxes on inheritance and investment income.
- douche 11y agoSo why should inheritances be taxed again? They've already been taxed at least once - when the original wealth was earned. If you want positive social mobility, then you need to encourage generational wealth. The rags-to-riches, pull-yourself-up-by-the-bootstraps in a single generation story is more romantic, but the more realistic path to advancement is to build on the foundations of the family nest egg. Taking a haircut on that family wealth each generation makes it harder to climb the ladder from working class to lower middle class to upper middle class.
- deleted 11y ago[deleted]