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Remove progressive taxation and other obstacles to generating generational wealth. Forcing equality through pushing downwards has been disastrous so instead let
by ohCh6zos 5y ago
Remove progressive taxation and other obstacles to generating generational wealth. Forcing equality through pushing downwards has been disastrous so instead let’s remove barriers to moving upwards.
- mohanmcgeek 5y agoThis is the mindset that people on the whole lack. Why are people obsessed with taking the wealth away from the billionaires? if the social mobility is high all the undeserving billionaires are going to squander their wealth away!
- medvezhenok 5y agoCountries with less progressive taxation (i.e. Russia, Brazil, etc) have even worse wealth/power inequality than the U.S. The U.S. was at its most "equal" with strong unions and high inflation (1970s). Perhaps that's what we need again. Strong labor bargaining and run inflation hot for a while. Also raise the non-primary home property tax so that the rich can't shelter their wealth in real estate.
- AnimalMuppet 5y agoIf inequality were the only problem, then your solution would work. Unfortunately, there are other problems as well, and your solution would make some of them worse.