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> [The billionaires] job is creating companies, jobs, products and services not ending poverty They're being asked to pay their fair share of taxes and instead
by david927 5y ago
> [The billionaires] job is creating companies, jobs, products and services not ending poverty
They're being asked to pay their fair share of taxes and instead are using their wealth to find loopholes so that they pay nothing. The US has regressive taxation.
> Too many Marxists on the left...
I'm not sure that there really are any Marxists on the left and that's certainly not what's holding back addressing poverty. Neither of the groups you mentioned have any real political power.
No, the political center has the power, and it's that center which has moved right to be more concerned with protecting wealth than helping the poorest, at least in America. As you said, Richard Nixon considered UBI and Milton Friedmann was quite clear about the need for a negative income tax. That was the right; now that's the radical left. See the problem?
I honestly didn't mean to start a fire with my first statement above. I'm saying that the wealth inequality gap is disastrously large and growing. The wealthiest, much like before the French Revolution, both won't pay taxes and frankly don't care how much poverty exists. And that's unacceptable. We should be talking about that and nothing else.
- simonh 5y agoOk, appreciated. I have to say, I’m not entirely convinced by the growing wealth gap argument. Pickety’s numbers are all before taxes and transfers, there are huge holes in the analysis. On the other hand, there are too many renty ways to grow wealth. I believe the right approach is to recalibrate taxation and the incentive system, not just slap huge punitive taxes on top of what’s already there.
- david927 5y agoI think everyone would be in favor of well-considered approaches, myself included. But we need to be actively discussing this with a sense of urgency.