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Dunno, 1% of the world seem to hold 50% of the assets. That sounds like a pretty big impact to me. Obviously, I'm assuming for the moment that billionaires are
by moomin 9y ago
Dunno, 1% of the world seem to hold 50% of the assets. That sounds like a pretty big impact to me.
Obviously, I'm assuming for the moment that billionaires aren't chronic tax avoiders, which makes every system regressive. If you decide to only concentrate on the proportion of the population that pays their fair share, you'd still have problems, because the average person who earns $200k doesn't spend much more than the guy earning $150k. They'd also receive the same basic income, so the burden would be higher on the guy earning $150k.
- AnthonyMouse 9y ago> Dunno, 1% of the world seem to hold 50% of the assets. That sounds like a pretty big impact to me. Billionares aren't the 1%, they're the <0.0002%. > the average person who earns $200k doesn't spend much more than the guy earning $150k Yes they do. Someone who makes $200 million doesn't have much more personal consumption than someone who makes $150 million, but that effect doesn't kick in until you're at the "don't know how to spend this much money" level. At $200K/year you haven't even sent all your kids to private school yet, much less bought a mansion with a heliport and a fleet of sports cars.