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Care to break down the actual math of how that would work?

nikanj 3y ago
1) We take the cash reserves from large companies 2) Large companies either go bankrupt or leave the country 3) The economy is completely wrecked 4) Venezuela
- HPsquared 3y ago
  5) We spend the cash reserves, increasing inflation but not getting any more work done
- nxx788 3y ago
  If we taxed wealth at 1%, the wealthiest would still be getting wealthier and we'd be able to cover the needs of so many more people, fight climate change, or whatever else. You think Apple stops operating here because of a 1% headwind? No way.
b112 3y ago
Some info... All of these problems are due to population collapse, due to incredibly low birthrates. Canada is choosing another method, with current targets of 500k/year, and talk of even higher numbers: https://globalnews.ca/news/9836414/canada-immigration-aging-report/ https://globalnews.ca/news/9836414/canada-immigration-aging-... With 40M people, that's more than a 1% per year. And note, those are immigrants, not refugees, or other classes of new Canadians. Just the housing and infrastructure needs alone, and initial support, as well as dealing with validation -> full citizenship is mind bogglng. But beyond that, I believe it is too fast as a culture shift. I want new blood, new ideas, but I also want the ideals of a hoghly democratic nation, its openness to newcomers, its tolerance to not be lost in a voice of newness. EG, I want newcomer input, but I don't want it to drown out what's here. But that's how worrisome the population graph is. There are not enough young people to take care of the old, the old who have worked their entire lives, building what is around us, and paying for tgeir elders to retire, a social contract that is vital. So we know we are doing a risky thing, as all fast change is risky. But we must, or... what? France chose another path. I can't say it is right or wrong. But ... if nothing is done, it won't be good. The stupid part is, everyone is dealing with this. China, Russia, the entire West, we all knew. We all knew the numbers, all of us, decades ago. But we waited. For example, Canada could have ramped up immigration a decade ago, thus softening the social impact.

1) We take the cash reserves from large companies 2) Large companies either go bankrupt or leave the country 3) The economy is completely wrecked 4) Venezuela

HPsquared 3y ago
5) We spend the cash reserves, increasing inflation but not getting any more work done
nxx788 3y ago
If we taxed wealth at 1%, the wealthiest would still be getting wealthier and we'd be able to cover the needs of so many more people, fight climate change, or whatever else. You think Apple stops operating here because of a 1% headwind? No way.

b112 3y ago

Some info... All of these problems are due to population collapse, due to incredibly low birthrates. Canada is choosing another method, with current targets of 500k/year, and talk of even higher numbers: https://globalnews.ca/news/9836414/canada-immigration-aging-report/ https://globalnews.ca/news/9836414/canada-immigration-aging-... With 40M people, that's more than a 1% per year. And note, those are immigrants, not refugees, or other classes of new Canadians. Just the housing and infrastructure needs alone, and initial support, as well as dealing with validation -> full citizenship is mind bogglng. But beyond that, I believe it is too fast as a culture shift. I want new blood, new ideas, but I also want the ideals of a hoghly democratic nation, its openness to newcomers, its tolerance to not be lost in a voice of newness. EG, I want newcomer input, but I don't want it to drown out what's here. But that's how worrisome the population graph is. There are not enough young people to take care of the old, the old who have worked their entire lives, building what is around us, and paying for tgeir elders to retire, a social contract that is vital. So we know we are doing a risky thing, as all fast change is risky. But we must, or... what? France chose another path. I can't say it is right or wrong. But ... if nothing is done, it won't be good. The stupid part is, everyone is dealing with this. China, Russia, the entire West, we all knew. We all knew the numbers, all of us, decades ago. But we waited. For example, Canada could have ramped up immigration a decade ago, thus softening the social impact.