3 ms·
Except via policy you can adjust how much each percentile has. If you set a tax at 70% over a million dollars of income/capital gains/etc, and bolster lower bra
by conception 2y ago
Except via policy you can adjust how much each percentile has. If you set a tax at 70% over a million dollars of income/capital gains/etc, and bolster lower brackets to have more income kept (eg fewer sales taxes), you can increase the amount of discretionary incomes for people where a little bit more goes a long way. It’s not like there aren’t controls available for wealth distribution.
- wslh 2y agoIt's not that easy since changing policies could give you the exact opposite result that politicians think. For example, increasing wealth taxes could make people to go elsewhere and moving fortunes abroad. Changing policies frequently increase the risk for future arbitrary decisions.