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Ultimately, we should just have a redistributive, progressive wealth tax with a basic income and optional state provision of staples like Healthcare. It's the o
by 3pt14159 9y ago
Ultimately, we should just have a redistributive, progressive wealth tax with a basic income and optional state provision of staples like Healthcare. It's the only longterm stable system that sets incentives correctly. We should also completely ban negative things that cause feedback loops, like high net worth individuals subverting the political process via money.
But if Steve Jobs clone 2.0 is 400 years old and still turning over his $200b at 10% per year, and 9% of that is getting redistributed while the average person is generating 1% then that's still ultimately better for humanity. The reason it needs to be a progressive wealth tax is to limit power accumulation.
- eloff 9y agoThat is part of the solution, but you're dreaming if you think you can tax people at 90% and expect them to continue to produce. I've packed up and relocated for less. I've also turned down work that I otherwise would have accepted, just because I know the government will take half. There would have been no Steve Jobs (at least not in the US) at 90% marginal tax rates.
- 3pt14159 9y agoI don't want to tax income, I want to tax wealth. And we need better international coordination. In this future scenario the super rich that take their marbles and go home will be banned from travelling into the countries that co-operate. The super rich act like they gain nothing of value from our social safety nets, but they do. Happy liberal cities cost money. I don't want a world where the Koch Brothers can leisurely enjoy a city like Toronto, Paris, or Tokyo without contributing a dime to the others around them that made them rich.