3 ms·
> That's a different deal than some body squeaking around tax law; this was all about trying to change parts of the nature of capitalism's tendency to rerun mon
by lukas099 4y ago
> That's a different deal than some body squeaking around tax law; this was all about trying to change parts of the nature of capitalism's tendency to rerun money to capital more than to labor.
No, this was a small group successfully lobbying to reduce their share of the costs of running society. AKA special interests.
> Until we have that base level of security for all, we need things like massive redistribution, which includes carrots like opportunity zones, as well as sticks like taxes on land and monopolies.
If you're going to redistribute wealth, do it in a broad, simple way (UBI/negative income tax). Not through millions of tiny special interest gifts like 'opportunity zones'.
- epistasis 4y agoWhile I think UBI is great, there still needs to be local investment to build communities, beyond just giving people money. I'm not convinced that opportunity zones are the way to do it, but in addition to giving people money, we need to build the economic infrastructure for people to use it in good ways. For example, in food deserts, getting grocery stores. That may require incentivizing businesses to take what they see as additional risks.