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thoughtcrimeboss
@thoughtcrimeboss
Within a fundamentally broken fiat monetary system that enables the kind of wealth inequality we are seeing, taxing the rich is nothing more than a band aid on a gun shot wound. Rich people will still be rich and the state will have even more money to not help anyone with, most of it will be wasted in the endless bureaucracy of the Federal Government before it ever gets redistributed to any poor people, so all you do is make the rich a little less rich and possibly force them out of the tax base entirely, make the state have more money to squander, and maybe welfare checks go up a little bit which will just be eaten by inflation. Instead of trying to tax your way out of wealth inequality, you have to change the entire monetary system. When the Federal Reserve creates new money out of thin air, it inflates the currency and rich people who own assets are fine with that, anybody who doesn't own assets get destroyed and can't ever get ahead.
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thoughtcrimeboss
@thoughtcrimeboss
Why not try something new instead of trying something that we know doesn't work? Ask France what can happen when you raise taxes on the rich too much, they leave and nobody wants to invest in your country and then you have to back track to try to save the economy. I'd be interested to hear any takes on why this failed in France. I heard someone on a podcast once say that steady inflation didn't matter because people can put their money in T-bills and beat inflation. That only works if you have extra capital, but people who can barely pay their rent don't really have the luxury of sitting in T-Bills. Also the risk free rate often isn't higher than true inflation even if it may be higher than CPI. We need sound money and we need it now.
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highplains.base.eth 🎩✨🔴
@highplains66
tax the rich
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Bixby Snyder 🎩
@bixbysnyder.eth
Why don't they ever say, "Help the Poor"? Why is it always "Tax the Rich"? Why do liberals frame everything to be negative and incite violence? "Help the Poor" sure sounds better and is uplifting; thus, it would yield better results.
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