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It only really takes two mechanisms. Simple progressive taxation with no loopholes, and investment into education which mostly removes the 'other people would s
by missosoup 7y ago
It only really takes two mechanisms. Simple progressive taxation with no loopholes, and investment into education which mostly removes the 'other people would spend it on entertainment' factor. There will always be some quantity of deadbeats, but the societal cost of providing them with a minimum standard of living is far smaller than the societal cost of putting the overwhelming majority of wealth/power into the hands of a tiny number of individuals.
I'm not advocating for evenly sharing all wealth between all people. I'm advocating for compressing the extreme outliers on both sides of the wealth distribution curve and uplifting the bottom 10% while also exponentially taxing the top 10%.
If we taxed the top 10% of income earners on a curve from 50% to 99% marginal tax rate for 90th to 99.9th percentiles respectively, pretty much all the major problems like expensive healthcare, poor infrastructure, lack of social safety nets, etc, would be completely financially covered with billions of dollars left to spend on other stuff. Instead we write PR-piece headlines every time some billionaire is 'charitable' and donates to some cause that he personally chose.