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Perhaps you can enlighten me then...if he's arguing that we close loopholes (and the lower capital gains rate is a loophole) and increase taxes on the wealthy t
by curun1r 11y ago
Perhaps you can enlighten me then...if he's arguing that we close loopholes (and the lower capital gains rate is a loophole) and increase taxes on the wealthy to an over 50% marginal rate, what direct attacks on income inequality is he arguing against? How are people attacking income inequality in any concrete way that isn't about taxation?
Because if there isn't some concrete attack on income inequality, then we're arguing about an abstract concept, which is just pointless.
- vlehto 11y agoYou could tax big incomes in excess of 50%. Give them low inflation, no inheritance tax and pour all that extra money to defense. Congrats, you have fixed the position of a rich caste.