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To have a functioning modern society - there must be some equality of outcome. This ensures that - Taking a business risk doesn’t leave you destitute. - Getti
by lumost 3y ago
To have a functioning modern society - there must be some equality of outcome. This ensures that
- Taking a business risk doesn’t leave you destitute.
- Getting unlucky due to health/climate/career doesn’t leave you on the streets.
You can either pay for such equality of outcome programs in taxes or by workplace policies. Provided the policy is economically reasonable and all employers are obliged to it - taxes or policy don’t matter much.
- scarface_74 3y agoWhy should society pay for your business risk when you get all of the upside? And there is already unemployment insurance. Whether it is enough and the fact that it doesn’t cover contract workers is a different issue.
- pfannkuchen 3y agoWell generally business success comes with higher taxes, so you don’t really get all of the upside. Whether those taxes are used for anything sensible is a different matter…
- lumost 3y agoWe also have bankruptcy protection, LLCs, trusts and homesteads to protect downside. Followed by unemployment insurance and various forms of welfare depending on the severity of the situation. Risks are good for society, we have buffer to absorb them provided you aren’t betting the farm with BoA. In which case, we really should have tighter regulations to stop people from betting the farm with BoA.