4 ms·
Were I a millionaire, I wouldn't be upset about progressive wealth taxes, I would be pleased. Why? Because in the philosophical justification for personal wealt
by seabass-labrax 3y ago
Were I a millionaire, I wouldn't be upset about progressive wealth taxes, I would be pleased. Why? Because in the philosophical justification for personal wealth and private capital, being a millionaire is a reflection of your worth to others in society. If your millions go to help others through taxes, you get double the social standing: once for earning the millions, once again for giving them back!
- wesselbindt 3y agoI think that's an admirable way of looking at things!
- jl2718 3y agoExcept by your own definition the state does a worse job at benefiting people with your money than you do.
- wesselbindt 3y agoThat's quite a poor assumption I find. Most modern leaps in progress have been publicly funded (see for example penicillin, the internet, anything resulting from the space race, and for a more comprehensive list, the entrepeneurial state by Mazzucato). Capital owners typically just take this publicly funded work, slap a sticker on it, and put it behind a paywall. Not much added value imho.