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Your point is not relevant to what I am arguing. High income and high estate taxes exist in the same world as wealth and I think they should be higher than the
by aje403 9y ago
Your point is not relevant to what I am arguing.
High income and high estate taxes exist in the same world as wealth and I think they should be higher than they are now - the wealthy use considerably higher resources than the rest of society, and it requires extreme stability in society to even keep and maintain wealth which people in the US take for granted.
The comment did not say anything of that nature, he's describing a hard cap on wealth.. what would that number be? 1 million? 5? - "limit[ing] the wealth in the first place to ensure that everyone get its share" - this is the ignorance of a mob with torches.
Phones to make 911 calls from and cars for the police to drive over in were built by American entrepreneurs who became wealthy. It's part of the system. They did not take value out of society to become rich at it's expense - they were not perfect, but there was a significant net gain. If Larry Page or Mark Zuckerberg is forced to liquidate 99% of their ownership in their company tomorrow because the guy above me thinks "I want more money, it's not fair he has more than me" to himself and builds a set of quasi-logical ideals around that and those ideas take root, then we begin declining as a society. The system always needs to be re-balanced and kept in check, but having a maximum bank account is not the answer.
- subroutine 9y agoI think we were just not on the same page with regard to OP's comment: "limit wealth" You interpreted this as "hard limit", I assumed they just meant limit using tiered tax brackets (i.e. status quo). And, I assumed this is what you assumed. The top-level comment in this thread advocates zero income tax; it's clear now this is not a position you are defending. My bad. That said, I fixed your original comment... "If you don't want to be a machine in multiverse where some AI has considerably more resources, training examples, and optimizations than you... with accounts holding more Ether and funded by AI who gamed ICOs... and something something something, dark side... then power down"