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Wealth inequality is completely out of control now than compared to when we had those rates, so I don’t buy that argument.
by taurath 5y ago
Wealth inequality is completely out of control now than compared to when we had those rates, so I don’t buy that argument.
- ch4s3 5y agothere’s nothing about inequality that should mean that we’re collecting a lower percentage of GDP in taxes. There are lots of reasons outside of tax policy that wealth may accumulate.
- taurath 5y agoAgree, but tactically if you want to reduce wealth inequality that’s the first one given passive investment beats working for income both in tax advantages, lack of estate taxes, and effectiveness. There’s a giant sucking sound as all the money in the economy accumulates out of towns and cities and into the endless digital coffers of the investment class.