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I don't disagree but how are you going to pay for social welfare if no one is making money? So what do you tax? do you do something else? These are the question
by ThomPete 9y ago
I don't disagree but how are you going to pay for social welfare if no one is making money? So what do you tax? do you do something else? These are the questions that are really relevant to figure out IMO.
- tmnvix 9y ago> how are you going to pay for social welfare if no one is making money? So what do you tax? You stop taxing income and start taxing wealth. A land tax would be a good start. Resource taxes are another.
- intended 9y agoYou take a loan. And people are making money - the GDP is growing overall, therefore there is far more productivity and value add happening in the system at large. Americans have the potential of a good social safety net already (compared to many worse countries), its more a question of detail orientation and unpalatable politics - from the perspective of an outsider.