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I think it's pretty close, actually. Our family could easily live off that. Easily worth it if it got rid of income inequality. And it'd still increase a percen
by morsch 3y ago
I think it's pretty close, actually. Our family could easily live off that. Easily worth it if it got rid of income inequality. And it'd still increase a percent or two, every year, inflation-adjusted! Thanks for the argument.
- logicchains 3y ago>Our family could easily live off that. Easily worth it if it got rid of income inequality Nobody's stopping you giving all your excess income above 18k to charity. If you try to make other people do it, you'll find a lot of people would rather just stop working than give away the majority of their income, which is why the economy collapsed and tens of millions of people starved in China and Russia after their communist revolutions.
- morsch 3y agoOh, I don't think my post was advocating anybody give anything away. But if we just arrived there, magically, it would be pretty great, from a utilitarian point of view. But thanks for the knee-jerk anti-communist rant, it's really great that we're back to that. Life was great in the 50s.
- logicchains 3y ago>Life was great in the 50s. Americans in the 50s were a lot happier than Americans in the 2020s, very little mental illness or obesity, housing was affordable, people weren't at each others' throats like nowadays.
- morsch 3y agoAlso: much lower income inequality. Strange, huh. And the average family income was 4400 USD, ie. 50000 USD in 2023, so pretty much the 18000 USD per capita we started with. Shame about the institutional racism, mysoginy, homophobia, etc though.