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No, the rich don't have enough income that taxing them can pay for everyone's retirement and medical care after retirement unless you define "rich" so broadly a
by hollerith 1y ago
No, the rich don't have enough income that taxing them can pay for everyone's retirement and medical care after retirement unless you define "rich" so broadly as to include half of the people reading these words.
- toomuchtodo 1y agoProve this assertion. I argue there is plenty of GDP to shave off to pay for this, as well as wealth available. It is a choice not to. How much growth is required to achieve good lives for all? Insights from needs-based analysis - https://www.sciencedirect.com/science/article/pii/S2452292924000493 https://www.sciencedirect.com/science/article/pii/S245229292... | https://doi.org/10.1016/j.wdp.2024.100612 https://doi.org/10.1016/j.wdp.2024.100612 https://news.ycombinator.com/item?id=43465127 https://news.ycombinator.com/item?id=43465127 - March 2025 (26 comments) https://news.ycombinator.com/item?id=42529256 https://news.ycombinator.com/item?id=42529256 - December 2024 (10 comments) (Decent living standards for 8.5 billion people would require only 30% of current global resource and energy use)