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Or equivalently, tax rich people more. Interest rates should be returned to their norm, around 5%, for sound resource allocation (i.e. the time value of money
by somewhereoutth 4y ago
Or equivalently, tax rich people more.
Interest rates should be returned to their norm, around 5%, for sound resource allocation (i.e. the time value of money is priced correctly).
Fiscal policy, specifically wealth taxes, should be used to cushion low and middle incomes from this painful readjustment.
- zozbot234 4y ago> Or equivalently, tax rich people more. "Soak the rich" is a nonstarter if you're after tax revenue (as opposed to intentionally stoking widespread social envy for political gain), and everyone knows it. The middle class is where the real money is.
- somewhereoutth 4y agoOf course, the rich would certainly like 'everyone to know it'. Wealth disparities have become so pronounced that I'm not sure this holds anymore. Let's have small armies of people washing hospitals, instead of yachts.
- diordiderot 4y agoThat's not true. The top 1% of the population own 40% of assets. Solving tax evasion is simple. All capital boils down to something you can put your hands on.
- throwaway0a5e 4y agoSoak the rich is what you say when you're trying to get the middle class to vote to soak itself.