10 ms·
A very high progressive tax is compatible with the belief that people should work to earn a living. If I have a lot of money, I can invest it and for almost no
by joppy 6y ago
A very high progressive tax is compatible with the belief that people should work to earn a living. If I have a lot of money, I can invest it and for almost no work grow my wealth or get another income stream. How is that fair? And why does this observation often get left behind?
- burrows 6y ago> If I have a lot of money, I can invest it and for almost no work grow my wealth or get another income stream. How is that fair? One doesn’t just “have” a lot of money. People work hard for their money. A high wage is a signal saying, “We (society) value what you do and wish more people would do it.” If you think profitable investing is easy then you don’t invest. Ask yourself, if profitable investing is easy, then why do wealthy people pay venture capitalists to choose their investments?
- missedthecue 6y agoHow is that unfair?