Conversation
Notices
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@lain @guizzy some people make the fundamental error of dying, or doing necessary work that has no market value
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@guizzy i think the fundamental error most people are making when thinking about the economy is that it's a big pool of 'value', expressed in money, completely fungible, that never changes size and that you have to distribute in a fair way. If you think this way, more taxation and more regulation seems like the best solution.
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@lain Pretty much. Instead of putting effort into trying to take from the rich to give to the poor, damaging the vitality of the economy and making everyone worse off in the process, work on improving social mobility. Break regulatory captures, offer affordable business loans, invest in public infrastructure that has economic benefits (public transportation, for instance), valorize entrepreneurship.Right now, the actually real fucking rich are using the poor as a tool to put the hatchet in the steps between them and the upper middle class. Local/regional/national minimum wage increases, corporate taxes, environmental policies, ect... apply only to their competitors not rich enough to delocalize their wealth to tax havens, their labor and pollution to countries like China where they can use de-facto slave labor.
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How to tax the rich:don't