3 ms·
If you could press another button which would shift some of the obscene wealth from the ultra-rich to people living at the margins of society, you should also b
by metabagel 1y ago
If you could press another button which would shift some of the obscene wealth from the ultra-rich to people living at the margins of society, you should also be mashing that button over and over.
- eru 1y agoIf you had such a button that had no other side effects, then, yes, go for it. Alas, it's no clear that we have taxation and redistribution in the real world works like this or can even work like this: they typically don't just cleanly transfer wealth, but also destroy a lot of wealth. To be clear: I don't say that my hypothetical button exists. This was just a Gedankenexperiment to show that increasing inequality by itself isn't all that relevant. In reality, we observe that more business friendly places like Scandinavia or Singapore or even the US are a lot richer than places that strangle business. Now this is partially about quantity of taxes, but even more about rules and regulations. Eg Scandinavian countries have fairly high taxes, but they are well run and business friendly.