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Originally Posted by h8kurdt
Key point-book ahead. My point being that the coach isn't a viable alternative in many situations. Long distance is ok if you're willing to put up with 7 hour coach journey.
I've actually forgotten what we were discussing. Something to do with the super rich need to pay their more than sizable share in taxes. 50% is NOT a high number. Things can't keep on as they are in that the gap gets bigger and bigger. This is why Bernie Sanders' stance has the potential to move a lot of people. However, he has got the whole media and Trump shouting "socialism" to fight against.
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the problem is that the rich are not rich because of “high wages”
the rich are rich because their ownership of business entrprises which create wealth in the market.
this wealth is shared by everyone though, not just in the marketplace with better/cheaper goods and services, but also in our collective ownership of these enterprises via saving and investing (if you have a retirement plan, you own the means of production).
wealth creation is not predatory. wealth creation benefits us all. i tried to explain/exemplify that.
on the other hand : rent seeking is predatory. it only benefits the rentier at the expense of everyone else. it creates market distortions, squelches innovation, prevents competition, etc..
the problem is the public does not distinguish between these behaviors.
if you can curb rent seeking while sparing wealth creation, im all the way with you taxing rents to a reasonable non-punitive level.
for example, the capital gains tax is capped at 20%. this is how the rich get the bulk of their income.
instead of trying to go 70% of “wages” like o’casio wants, just level up capital gains with the income tax!
and please dont waste that money offering free ponies to everyone and their mother. fix the fucking crumbling infrastructure instead.
as for healthcare, just finish fixing obamacare and preserve consumer choice. no need to conscript doctors into a national army. we’re closer to the swiss model.