Taxing Extreme Wealth

Post by thazework » Sun, Jan 23, 2022, 9:57 PM UTC

emdowling wrote: post #2

Raising money is one thing. Spending it is another. So much energy is spent on policies to do the former, and seeimingly very little on how to do the latter far more efficiently. This policy proposal makes for a fantastic soundbite, but how will the additional revenue be allocated in a way that actually leads to better outcomes? Simply increasing the top of the funnel is not going to make all the downstream inefficie…

Post by xyzzyz » Mon, Jan 24, 2022, 1:01 AM UTC

kadoban wrote: post #20

rayiner wrote: post #19

Earlier quoted context omitted.

> We should also improve our government then, and get them to address poverty better. Let’s do that first.

It's a big government with lots of people, we can do both at once.

Post by ompaLompa » Mon, Jan 24, 2022, 5:38 AM UTC

m-p-3 wrote: post #22

umeshunni wrote: post #3

> An annual wealth tax applied to the world’s richest would raise U.S. $2.52 trillion a year > An annual tax on the world’s richest would be enough to lift 2.3 billion people out of poverty So, the US govt printed an additional $2 Trillion last year. How many people did it lift out of poverty?

> So, the US govt printed an additional $2 Trillion last year. How many people did it lift out of poverty? It devalues the dollars for everyone, so the rich gets a bit poorer overall (unless they get a substantial slice of that 2T$, which is likely if they take care of some government contracts), while the poor are poorer too.