4 ms·
What a laughably incomplete model. I don't care whose post this is. It's the epitome of short-sighted. So the government just takes the money and that's the en
by matmann2001 6y ago
What a laughably incomplete model. I don't care whose post this is. It's the epitome of short-sighted.
So the government just takes the money and that's the end of it? Not by a long shot. Every major proponent of a wealth tax in the US has proposed it as a means to fund public programs. Whether that means Medicare for All, Green New Deal style initiatives, tackling affordable housing, support services for the homeless, better child care, and/or increasing the accessibility of higher education, founders and their employees are sure to benefit a great deal. A model that doesn't even attempt to account for those benefits is not useful, and merely serves to shut down the conversation before it can even begin in earnest.
And let's get the government efficiency (i.e. lack thereof) argument out of the way too. Sure, a good portion of these funds will be "wasted" on bureaucracy and plain old corruption. If that's your main argument, try voting and participating in local government instead of being a NIMBY toward progressive ideas. And if you think for a second that these taxed funds would go farther if they remain in the hands of the wealthy, well, look around you and notice all of the socioeconomic issues that go unaddressed every single day.
Of course, the short-term thinking isn't surprising. Today's leaders heavily prioritize short-term benefit over long-term prosperity. It's why our stock market is so disconnected from the actual economy. It's why the nation can't figure out how to escape this pandemic of stupidity. It's why we can't get any real commitment to address climate change which has already reached a level that threatens our very existence as a species.
As a nation, and perhaps a planet, we need to start thinking beyond just the next office term or the next fiscal year, and more toward the scale of the next generation.
Otherwise, we aren't going to have one.