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This was significantly more informative than the video. It really depends how good the forecasts on a wealth tax will be. After all, that stuff is based on inf
by doctorpangloss 2y ago
This was significantly more informative than the video.
It really depends how good the forecasts on a wealth tax will be. After all, that stuff is based on inflated asset values that are unusual compared to the rest of the world.
If you believe that our medical spending is unusual here, then you should also believe that our asset values are unusual. You can't pick and choose what is unusual, if all you're doing is comparing to the rest of the world.
Without that wealth tax, does it make sense to limit the mission of many of these programs? For example, the military has a constantly expanding mission, and much of that mission is domestic welfare, do we want to cap that?
Overall it is very enlightening. You will never be the CEO of a giant corporation, and you are basically never the beneficiary of its wealth. You don't need to give a big tax handout to Apple and Google. Seems easy to deal with.