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The US has one of the most progressive tax systems in the world already. There is no system that is more re-distributive. If you mean the state should be large
by hogFeast 7y ago
The US has one of the most progressive tax systems in the world already. There is no system that is more re-distributive.
If you mean the state should be larger...great...but that is something totally different. That would require significantly less redistribution, raising taxes on the middle class, and bringing people who pay no income tax into the system (this is usually a significant minority ~30%+ in progressive tax systems).
Also, the content of your post is essentially: "I want free things, and I want [group I dislike] to pay for it". Trumpish.
- Despegar 7y agoThe reality is that universal healthcare or infrastructure spending doesn't actually need to be "paid for". The negative yields on sovereign debt all over the world and with no inflation in sight shows us that the world has been overly pursuing austerity. Rich economies like Germany and the Netherlands that are obsessed with running fiscal surpluses have held back growth EU-wide. MMTers have been saying this for years but even "mainstream" economists like Larry Summers are coming around to the view that fiscal spending needs to go up [1]. Deficits and the debt aren't the reason why tax policy needs to be more redistributive. It's to actually do something about wealth inequality which is ultimately corrosive to democracy. Having New Zealand citizenship or a hideout in Big Sur won't save you if we run the current regime to its logical conclusion. [1] https://twitter.com/LHSummers/status/1164490326549118976 https://twitter.com/LHSummers/status/1164490326549118976
- s17n 7y agoIt's got nothing to do with wanting free things - the argument is that massive wealth disparities are bad for democracy and thus redistribution is necessary.