3 ms·
I just don't feel that is the case. Because money given to a poor person will likely be spent on essentials, not saved. The wealth tax will likely be less tha
by nightski 7y ago
I just don't feel that is the case. Because money given to a poor person will likely be spent on essentials, not saved. The wealth tax will likely be less than what a wealthy person makes in capital gains/dividends each year so meanwhile their fortunes are growing. So while it definitely helps the poor, it's not going to tighten that gap.
Something more fundamental needs to be done with corporations and how disproportional the rewards are to the owners/shareholders and the employees themselves. I have no idea what this would actually look like though.