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"The correct goal is not to take money from the rich ... but to get rid of poverty." I mostly agree with you on this point. However, we can't do that without r
by coryrc 5y ago
"The correct goal is not to take money from the rich ... but to get rid of poverty."
I mostly agree with you on this point. However, we can't do that without reforming the tax system. For example, Seattle is one of the most regressive places to live in the country, people in the lowest brackets pay 30%+ in local taxes but people over six figures pay 2.8%. People in single-family zones (wealthy) are slowing the supply increase in apartments which is allowing prices to rise. You can't get rid of poverty without going through the wealthy.
- asteroidbelt 5y ago> People in single-family zones (wealthy) are slowing the supply increase in apartments which is allowing prices to rise. Seattle has not enough homes? Just build them. Give tax credits to construction companies, give tax credits to construction workers, give land for free to construction companies, ease regulations, reroute budget to transportation, and you will have a lot of new homes quickly. If you rob the rich to punish them for their hard work, you won't have more homes. You will have fewer rich people. (Also, it is rich people who drive construction of new homes, not poor people.) > You can't get rid of poverty without going through the wealthy. Yes you can, and there is a ton of ways to do that. For example, medical insurance is expensive. Increasing the taxes for the rich won't make it cheap. But better regulations (anti-monopolies, easier licenses, transparent prices etc) will make it cheaper. What else is too expensive? It can be fixed similarly.