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"Interesting. the solution should be to just to tax Wilt Chamberlain at a rate high enough that the astronomical net worths become merely "stratospheric"." The
by rsync 10y ago
"Interesting. the solution should be to just to tax Wilt Chamberlain at a rate high enough that the astronomical net worths become merely "stratospheric"."
The solution to what ? Could you describe the problem in the (above) Wilt Chamberlain example ?
- rtx 10y agoDissatisfaction
- celticninja 10y agounequal distribution of wealth is the underlying issue, so essentially they are suggesting a progressive tax system whereby higher earners are taxed at a higher rate. Which allows the government to redistribute that wealth towards poorer areas of society whilst not impacting significantly on the living standards of the higher earner.
- eddiecalzone 10y agoWell stated. All of the arguments above amount to "sure inequality is happening, but that's just capitalism so what can be done?" This.
- gonvaled 10y agoInequality. The problem is, nearly never, access to resources: modern society (including in poor countries) puts necessary resources (food, clothing, shelter and even transportation) available to all at a very small price. Our material needs are 100% guaranteed. The problem is that most of the goods that modern society produces are unavailable for most of the population. By reducing inequality, we could improve life quality for the masses.
- rsync 10y agoI was asking specifically about the WC example, not real life.