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Sure, it’s radical but not excessively. The US had a %90 tax bracket in the post war decades (not that I’m suggesting bringing it back) and the country and econ
by simonh 5y ago
Sure, it’s radical but not excessively. The US had a %90 tax bracket in the post war decades (not that I’m suggesting bringing it back) and the country and economy somehow managed to survive. There are countries in Europe that have wealth taxes.
I don’t think taxing more is an effective way of solving social and economic problems though and doing so doesn’t have to be cripplingly expensive. For example the US spends twice as much, per person, on health care than other OECD countries. You spend as much on health per person through the government, funded by your taxes, as Europe does just funding Medicare, Medicaid, CHIPS, etc, and then spend the same again through private health insurance. Why? Because the health insurance system drives costs across the board up through the roof. All you people with company plans you contribute thousands to, you already paid enough for a full first world health system in your taxes and got nothing for it, so you have to pay again for yourselves.
Why that isn’t issue number 1 for every American tax payer is beyond understanding. So don’t take my up thread comment to mean I’m some libertarian extremist, or this comment to mean I’m a radical socialist. It’s just a matter of looking at what works.