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Whether the wealthy "owe" taxes or not, I think it's important to consider that: If it gets easier to grow wealth the more you have, that will create power dis
by hayst4ck 3y ago
Whether the wealthy "owe" taxes or not, I think it's important to consider that:
If it gets easier to grow wealth the more you have, that will create power disparity with time, which eventually leads to an oligarchic society.
If you owe the government 30% of your income, that's your problem, if you owe the government 30% of it's income, that's the governments problem...
That's hyperbole, but to demonstrate a point. What stops someone from concentrating enough money to, for example, buy a news media outlet and use it to promote people who would protect the decision made in citizens united and then further promote individuals that will make decisions that allow them to get even more power? Then they could degrade the institutions that empower people and society as a whole such as education. They could use their media empire to fight the idea of trust busting and breaking down of monopolies and cartels (the true cause of "greedflation"). They could hire the police to fight unions and dissidents.
How do you prevent the wealthy from getting too wealthy and using that wealth, and therefore power, to corrupt institutions to work on behalf of them rather than everyone?
We already know what the decay/absence of rule of law (restrictions on arbitrary exercises of power) in a capitalist society looks like: Russia.
If you don't want to be Russia, if you don't want to have to bend the knee to the most powerful thug, you have to tax the rich and invest it into programs for the poor, particularly education.
- CatWChainsaw 3y agoI wouldn't be surprised if more people on this site than most others actually find Russia to be a desirable state of affairs, purely because they assume they'll be in the upper echelons.
- hayst4ck 3y agoThe oligarchs were shown one of themselves in a cage and Putin said "half." I remember Preet Bharara talking a lot about the Magnitsky act and how it was also somewhat a response to that. Even the oligarchs were slaves and dealt with the threat of novichok and windows. That's what a might makes right, strongest thug wins society means.