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When people talk about income inequality and lowering it in the USA, (in my experience) they tend to mean these things: - Increase the capital gains and inheri
by ctvo 11y ago
When people talk about income inequality and lowering it in the USA, (in my experience) they tend to mean these things:
- Increase the capital gains and inheritance tax so the wealthy pay a comparable tax percentage
- Increase government funding for public education and trade schools
- Increase spending on infrastructure projects (broadband, public transportation)
- Increase the minimum wage
- Lower the influence of the wealthy in politics
Never heard of anyone asking to kill incentives for the ambitious or to stop people from becoming wealthy.
- nedwin 11y agoAnd I suspect those are the types of things PG supports though I wouldn't want to put words in his mouth.
- sib 11y agoIf you do all of those things, plus raising income taxes [otherwise you would not be reducing income inequality, but only wealth inequality], then you will, by necessity, be raising taxes on successful entrepreneurs and, therefore, reducing those incentives and reducing the ability of people to become wealthy.
- ZenoArrow 11y agoDepends on how you tax them. We could get rid of income tax and still strive towards reducing some of the issues surrounding income inequality. https://m.youtube.com/watch?v=gD_dZvPwAj0 https://m.youtube.com/watch?v=gD_dZvPwAj0
- danans 11y agoIronically, those successful entrepreneurs are hugely dependent on the physical infrastructure built by government (roads, broadband), and the human infrastructure built by the public education system (us). It's not valid to put those things at odds with each other.