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> Should we trust the government to spend the money more wisely than the folks who earned it? Yes. > Or said another way, how do you combat the almost inevita
by bottled_poe 5y ago
> Should we trust the government to spend the money more wisely than the folks who earned it?
Yes.
> Or said another way, how do you combat the almost inevitable corruption you see with large government spending?
Transparent auditing of taxpayer funds. Presumably this exists to some degree in your country.
> 2. What will incentivize people to work at insane rates if the vast majority of their income and wealth is taxed?
This is a loaded question, as it implies that incentives beyond survival/comfort exist under the incumbent model of operation.
> Would I be willing to put in the long hours and sacrifices usually required to work up to a $1m+ salary if it’s taxed at a 90% rate?
To what end? The proposal is an alternative model of living which lifts the baseline quality of life, thus reducing this incorrect perceived need for an extreme financial safety net.
- throwaway98797 5y agoNot all people aiming for $1m+ in earnings are doing it for a safety net. Some people like to compete for the heck of it.
- deleted 5y ago[deleted]
- bottled_poe 5y agosadly true. It’s a lot easier to think like an individual than as a member of a community.