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> Keynes’s dream that we could all work for only 15 hours a week could finally be true – with only one small, simple (but transformative) change. What the auth
by zer8k 3y ago
> Keynes’s dream that we could all work for only 15 hours a week could finally be true – with only one small, simple (but transformative) change.
What the author fails to mention is Keynesian economics is how we ended up saddled with absurd debt. The "wealthy" are allowed to utilize this debt cheaply under Keynes.
For all the author talks about fixing the alleged wealth inequality caused by inheritance this single conclusion undermines a lot of work in the previous paragraphs.
My family matters more to me than any sort of baseless economic theory. If I knew my descendants would be forced to spend their inheritance I'd justify spending the money on exploiting any loophole available to avoid that. As it turns out, this is exactly what would happen under the proposed system and turning people into serfs with 99 year leases won't fix it. The theoretical "good citizen" doesn't exist and people will naturally do whatever it takes to preserve themselves and their wealth. The problem IS Keynesian economics that allowed such a disparity to exist. Taxing more won't fix it. I already pay enough tax as it is to wonder why the hell I even work. Imagine not even owning property your family can use in perpetuity. This is an absurdity that is advocating for feudalism where your lord is the government (which is already the case anyway).