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The show Altered Carbon described an alternative consequence of extended lifespans - the rich get richer, the poor get poorer, and because the rich don't die, t
by ColanR 7y ago
The show Altered Carbon described an alternative consequence of extended lifespans - the rich get richer, the poor get poorer, and because the rich don't die, there's no 'reset button' at the transition between generations and the situation never changes. The rich guy's money can accumulate interest indefinitely, while the poor guy may never get past the paycheck to paycheck life (or he lives long enough to eventually figure out how to save enough to improve his situation).
- magduf 7y agoThis can be easily and trivially fixed with some simple taxation to transfer wealth from the ultra-rich to everyone else. If that isn't happening, it's most likely a failure of the voters to demand such laws.
- ColanR 7y ago> easily and trivially Really? I think the current ecosystem of lobbyists and tax evasion (remember the Paradise Papers?) puts the lie to that idea. I don't think you have any basis on which to make that claim.
- magduf 7y agoSure I do: there are other countries out there, you know, and they do tax very wealthy people more. There's more to the world than America.
- sumedh 7y agoHow do these countries tax the money which is hidden in offshore tax havens?
- magduf 7y agoI don't see why that's any of their business. The only thing that's the business of a government is the income generated inside its own borders by that person or company, and the government should be able to have access to that data to make sure that person/company is not cheating on their taxes. Once they've paid their taxes on that income, if they want to move it offshore, that's their business. If the person or company is generating income offshore, that's not the business of that government, it's the business of the government where the income is being generated.
- sumedh 7y ago> The only thing that's the business of a government is the income generated inside its own borders by that person or company, > Once they've paid their taxes on that income Tax havens allow you to move your profits by having the HQ in the tax haven while having a subsidiary which makes a loss in the actual country.
- magduf 7y agoAre we talking about multinational corporations or about wealthy individuals now? This whole thread has been about wealthy individuals, and now you're talking about big corporations. Which is it?
- sumedh 7y agoYour comment was about people/companies so we are talking about both. Tax havens do not discriminate people and companies are welcome.
- ColanR 7y agoWhy did you think I was talking about America?
- jcadam 7y agoIt would certainly be advantageous to be a member of the first generation of immortals. Imagine entering an economy as a young twenty something competing against people who've had centuries to build their careers and accumulate wealth.
- erikig 7y agoFeels like the current situation with millenials and baby-boomers taken to the n'th level.