▲ 1034 ▼ Calls to tax the superrich grow as economic inequality surges (www.aljazeera.com) submitted 2 years ago by alphacyberranger@sh.itjust.works to c/world@lemmy.world 97 comments fedilink hide all child comments
[–] scarabic@lemmy.world 44 points 2 years ago (2 children) Let’s set aside all moral debates about freedom, punishing prosperity, blah blah blah. There is one very simple and practical reason to tax the rich: because that’s where all the money is permalink fedilink source hideshow 4 child comments replies: [–] Furbag@lemmy.world 11 points 2 years ago (1 child) 74% of it, in fact, concentrated into the hands of the wealthiest 10% of Americans. If we don't tax the rich, they will only continue to get richer while everybody else gets poorer and the economy continues to fall apart as we print more and more money to keep everybody paid and it all gets vacuumed up to the top. permalink fedilink source parent hideshow 2 child comments replies: [–] scarabic@lemmy.world 5 points 2 years ago It seems like solid economics. We need to keep capital in motion. 10% of the population cannot meaningfully deploy 74% of the capital. To quote the 1985 movie Brewster’s Millions, it doesn’t count to buy the Hope Diamond for some bimbo as a birthday present. permalink fedilink source parent [–] Dead_or_Alive@lemmy.world 11 points 2 years ago (1 child) Conversely there is one simple reason why politicians who hope to get re-elected will never tax the rich. Because that is where all the money is Get the special interests and money out of politics and we may have a chance of taxing them. permalink fedilink source parent hideshow 2 child comments replies: [–] Saneless@sh.itjust.works 8 points 2 years ago (1 child) And the people who don't have any money keep voting for the people who are the worst about this permalink fedilink source parent hideshow 2 child comments replies: [–] Xavienth@lemmygrad.ml 2 points 2 years ago* The people who don't have any money can't vote for anybody who is good about this because that's how it's designed. It's not our fucking fault. I mean it is; that we haven't taken power directly. permalink fedilink source parent
[–] Furbag@lemmy.world 11 points 2 years ago (1 child) 74% of it, in fact, concentrated into the hands of the wealthiest 10% of Americans. If we don't tax the rich, they will only continue to get richer while everybody else gets poorer and the economy continues to fall apart as we print more and more money to keep everybody paid and it all gets vacuumed up to the top. permalink fedilink source parent hideshow 2 child comments replies: [–] scarabic@lemmy.world 5 points 2 years ago It seems like solid economics. We need to keep capital in motion. 10% of the population cannot meaningfully deploy 74% of the capital. To quote the 1985 movie Brewster’s Millions, it doesn’t count to buy the Hope Diamond for some bimbo as a birthday present. permalink fedilink source parent
[–] scarabic@lemmy.world 5 points 2 years ago It seems like solid economics. We need to keep capital in motion. 10% of the population cannot meaningfully deploy 74% of the capital. To quote the 1985 movie Brewster’s Millions, it doesn’t count to buy the Hope Diamond for some bimbo as a birthday present. permalink fedilink source parent
[–] Dead_or_Alive@lemmy.world 11 points 2 years ago (1 child) Conversely there is one simple reason why politicians who hope to get re-elected will never tax the rich. Because that is where all the money is Get the special interests and money out of politics and we may have a chance of taxing them. permalink fedilink source parent hideshow 2 child comments replies: [–] Saneless@sh.itjust.works 8 points 2 years ago (1 child) And the people who don't have any money keep voting for the people who are the worst about this permalink fedilink source parent hideshow 2 child comments replies: [–] Xavienth@lemmygrad.ml 2 points 2 years ago* The people who don't have any money can't vote for anybody who is good about this because that's how it's designed. It's not our fucking fault. I mean it is; that we haven't taken power directly. permalink fedilink source parent
[–] Saneless@sh.itjust.works 8 points 2 years ago (1 child) And the people who don't have any money keep voting for the people who are the worst about this permalink fedilink source parent hideshow 2 child comments replies: [–] Xavienth@lemmygrad.ml 2 points 2 years ago* The people who don't have any money can't vote for anybody who is good about this because that's how it's designed. It's not our fucking fault. I mean it is; that we haven't taken power directly. permalink fedilink source parent
[–] Xavienth@lemmygrad.ml 2 points 2 years ago* The people who don't have any money can't vote for anybody who is good about this because that's how it's designed. It's not our fucking fault. I mean it is; that we haven't taken power directly. permalink fedilink source parent