4 ms·
It doesn't if you tax capital gains properly. It's more important to speak of relative ownership as that reflects the change in power held by the 90% majority o
by ResearchCode 5y ago
It doesn't if you tax capital gains properly. It's more important to speak of relative ownership as that reflects the change in power held by the 90% majority of Americans - it's vanishing before your eyes.
- paconbork 5y agoIf the most important thing is relative ownership then it sounds like you would prefer the poor to be poorer, provided the rich were less rich
- ResearchCode 5y agoOh the poor is getting poorer in both ways when they for instance get priced out of the housing market. Wealth equality is a premise for long term prosperity of the majority. And it's a feedback system, next time they choose the red or blue pimp, their ballot will be worth less due to increase in lobbying money held by the 10-1-0.1% - lobbying money used to purchase tax cuts for the same 10-1-0.1%.