3 ms·
You're probably right, though U.S healthcare costs per capita are much higher than they need to be, and would be much lower in a "proper" single payer system li
by TFYS 1y ago
You're probably right, though U.S healthcare costs per capita are much higher than they need to be, and would be much lower in a "proper" single payer system like in Europe. In any case, a wealth tax would still help a lot with being able to fund these programs. Yes, the working class does have to pay as well, but it'd be much less if there were a reasonable wealth tax.
But yes, global co-operation to enable a large enough tax on wealth is not going to happen any time soon. A more likely scenario is that as automation develops and as the share of income that capital gets grows, the working class will end up in a position bad enough that capitalism will collapse and be replaced with something else. Hopefully with something better, but could also be worse.