Join Nostr
2025-11-05 18:47:13 UTC
in reply to

Aaron on Nostr: Another option is taxes. Of course the knee-jerk reaction is taxes = bad, "They're ...

Another option is taxes. Of course the knee-jerk reaction is taxes = bad, "They're tryin'a take mah money!" But you're not a millionaire and you're never going to be one. You're damn sure not a billionaire. And trillionaire? We will all laugh in your face if you think that's ever going to happen. Those guys at the top aren't going to give up their spots.

A progressive wealth or income tax, or a tax on corporate profits, can move a *lot* of money out of the hands of those where it is overly concentrated, and put it back in service of those it was wrested from through rent-seeking corporations. But again, we can dip our toes in, so there's no reason to be scared of drastic changes. We can introduce it in minor increments and observe the economic effects, backing out if it turns out to be a bad idea. (It won't.)