4 ms·
Don't Tax Wealth
- pinewurst 1y agohttps://archive.ph/MSHCB https://archive.ph/MSHCB
- al2o3cr 1y ago"A wealth tax would be unpopular because you'd still need to raise the retirement age" followed immediately by "the country will have to raise its absurdly low retirement age" Such a pathetic argument that it doesn't even get an author name attached
- andsoitis 1y ago> it doesn't even get an author name attached The Economist is very intentional with their editorial stance. If you're curious, it is worth reading why their writers are anonymous: https://medium.economist.com/why-are-the-economists-writers-anonymous-8f573745631d https://medium.economist.com/why-are-the-economists-writers-...
- deleted 1y ago[deleted]
- jleyank 1y agoUnfortunately for the wealthy, they basically have all the money. So if governments want or need more, there’s few alternatives. It’s not that it’s fair or not, but taxing people without money accomplishes little I guess governments can try mandating that companies must provide and adequately fund defined benefit pension schemes that endure independently of the company’s life. But that favours workers, and I guess we can’t have that.
- Rotundo 1y agoDon't tax income at all, but tax wealth progressively. That way it doesn't make sense to hoard all the money. Spending the money keeps it in circulation.