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> There are plenty of other countries with old people. And literally all of them have a wealth distribution that looks like that last one. Say you lived in a p
by Aunche 4y ago
> There are plenty of other countries with old people.
And literally all of them have a wealth distribution that looks like that last one. Say you lived in a place where everyone saved $10k a year and worked for 50 years. Then the bottom 10% would have an average of $25k saved, and the top 10% would have $475k saved. If you add a modest 3% rate of return on investment, that brings the top 10% to ~$1 million. Visually this looks closest to the last wealth distribution. Wow much inequality! Time to eat the rich!
> "It's going to happen anyway, so lets not fight it"
This is such a disingenuous interpretation of my comment. Telling you not to volunteer to be a footsoldier of a class crusade isn't saying that we should do nothing. If you have a good argument for why should increase the capital gains tax rate, and why the fears of it disincentivizing investment are overblown, I'm all for it.
- sangnoir 4y ago> And literally all of them have a wealth distribution that looks like that last one. Oh, really?! In spite the "high" taxes elsewhere (read Europe)? So why not rescind the billionaire tax-cuts in the US then and beef up the threadbare social safety-nets? Seeing taxes won't impede the "job creators" from accumulating disproportionate wealth.