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To be honest, a nice gap between rich and poor is probably a good thing for the economy. If people aspire to become rich by producing value/wealth, that's a gre
by nojvek 8y ago
To be honest, a nice gap between rich and poor is probably a good thing for the economy. If people aspire to become rich by producing value/wealth, that's a great thing for everyone.
The problem is when people become rich by not producing any value or hampering future value. You either become rich by producing more wealth than your peers, suppressing wealth of your peers or force acquiring from your peers.
The 0.1% start engaging in suppressing and the dictators start engage in force acquiring.
I believe a healthy tax system and a healthy income gradient makes up for a long term prosperous country.
The problem with US and more pronounced by Trump administration is the big tax benefits to the 0.1%-ers, pulling out ACA, net neutrality e.t.c is going into the "suppressing your peers" area.
America may have a strong economy now, but its not sustainable for long term.