4 ms·

Or Neoliberalism. Trickle down economics. How rich are the rich now compared to the 1960s?

• toomuchtodo 2y ago
  https://www.oxfam.org/en/press-releases/richest-1-bag-nearly-twice-much-wealth-rest-world-put-together-over-past-two-years https://www.oxfam.org/en/press-releases/richest-1-bag-nearly...
• inglor_cz 2y ago
  We can also pick other moments in time, such as the 1910s ... Or we can look at the bigger picture. Countries vary a lot by their taxation rate, but it seems to have no correlation to their debt levels. It seems that you can always spend a lot more than what you have in hand. The demand for public money is insatiable.
  • tharmas 2y ago
    A big problem i see is how people are taxed. Not enough tax is collected on asset accumulation and too much is collected productive activities. And look at the madness of housing benefit. The taxpayer tops up a low income person's rent. This is essentially taxpayer subsidy of landlords. No wonder a large number of MPs are landlords. But i agree that govt is far too large.