politics

Former Lobbyist. Founder of My Democracy and host of the /politics channel.

But also, the wealthy *should* have to pay more in raw tax dollars, as they gain disproportionately from the stability, infrastructure, and economic environment those taxes sustain. Their ability to generate wealth is deeply intertwined with publicly funded systems. 

Companies like Amazon would not be where they are today without publicly funded infrastructure, a workforce who was educated in public schools, social programs supporting their employees whom they pay below a living wage, etc. 

They have exploited the system for personal gain, and they should pay. Trickle down economics is a fallacy.

My name is mathew.eth, and I support this message.

Regardless of the billionaire problem, social security operates exactly the same as a ponzi scheme. You don't get the same money you put in back when you retire. Unfortunately, the money you recieve will have lost much of it's purchasing power by the time it is paid back to you because the Government relies on flawed inflation models to determine payments. Ask any poor retiree who lives off their social security check if the cost of living increases have kept pace with inflation or not. 

Secondly, it's a ponzi scheme because your payment comes not from the money you paid into social security, that money is long gone, it comes from new workers paying into the system. If there aren't enough new workers coming in and paying, you have to either reduce payments or fund it through taxation. The main difference between social security and a ponzi scheme is social security is mandatory and state sanctioned, but the basic ponzinomics of pay outs being funded by new entrants to the system remain the same.

Yes!  You've said this so much better than what I've been trying to communicate in this long thread convo....  the problem isn't social security or income tax... the problem is wealth inequality.

Navigating the world of finance by day, pondering its flaws by night. ETH Maxi

Yes!  You've said this so much better than what I've been trying to communicate in this long thread convo....  the problem isn't social security or income tax... the problem is wealth inequality.

https://warpcast.com/thoughtcrimeboss/0x97bc9a01

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