4 ms·
It doesn't really matter on a macro scale if you have social security doing it, or "retirement accounts" doing it - at the base there is capital and value-add (
by bombcar 9mo ago
It doesn't really matter on a macro scale if you have social security doing it, or "retirement accounts" doing it - at the base there is capital and value-add (work) and you're transferring from one to the other.
Now perhaps 401ks owning stocks is effectively "lending" capital to the working-class for a fee - but you'd have to argue that.
- triceratops 9mo agoIt absolutely does matter whether you're taxing wages or capital though. Wages are constrained by the number of workers. Capital is constrained by total productivity.