3 ms·
I think we see eye to eye on the symptoms of the disease, but disagree on the cause. Ya me too. For me, the answer is as simple as progressive taxation. We bas
by zackmorris 4y ago
I think we see eye to eye on the symptoms of the disease, but disagree on the cause.
Ya me too. For me, the answer is as simple as progressive taxation. We basically wouldn't tax people making under about $50k per year, since they're living hand to mouth. But we'd set the top marginal tax rate of people like billionaires at somewhere between 50% (my preference) and 90% (the rate that worked best after WWII). That creates a situation where the wealthy can choose to pay their employees or pay the tax. Most employers would choose to pay their employees. We've lost that since the 80s, resulting in stagnant wages. That's the best root cause analysis I've come up with.
I feel that the right is opposed to what I'm saying on ideological grounds, because they don't want higher taxes, period. And they don't want to "punish" success. And they might be wealthy someday too.
Which is all fine and good, but those reasons aren't good enough anymore. The US is falling apart. We're all working far too hard for too little. So I appreciate what you're saying about (if I read it right) regulatory capture. There's some common ground there where the whole country could unify around limiting government overreach. I think that will begin once the right reaches such a pain level that even it organizes around a common cause like higher wages, instead of wedge issues like abortion/immigration/flag-burning/whatever to own the left (which does its own chest-thumping).