- cross-posted to:
- progressivepolitics
- cross-posted to:
- progressivepolitics
This is the only voice I hear that gets at the actual issue facing our politics and economy.
This is the only voice I hear that gets at the actual issue facing our politics and economy.
This is why estate taxes are so important. That’s the point that some of that inequality can regress.
Yachts - sure. I get your point.
But what this guy focuses on is less luxury goods and more assets - something like - ‘you’re rich, and your finance guys are making money for you. Its only logical that they invest those funds in whichever assets get a good return. Not just stocks - all aasets that are going to make you passive income. One asset class is the housing supply - you can invest in a corp that buys up old houses and rents them out. Now you’re getting a good return, but you’re competing with the middle class for ownership of those homes.’
Yeah, I hadn’t gotten into the “how to fix” part. Estate taxes, VATs on intermediary products, and wealth taxes are all great ways of redistribution, which is required for a functioning economy that grows at all levels, not just one.