Conversation

Obviously I don’t think tax hikes are needed to pay for spending. And I guess there’s some risk in any tax increase when the economy is still weak. But seems like if you’re interested in doing anything about inequality through the tax code, you gotta go for it now.

299

Erik Voorhees

@ErikVoorhees

Mar 23, 2021

How does inequality get helped by giving money to Washington DC?

180

Jesse Powell

@jespow

Mar 23, 2021

There's some disconnect with the wealth redistribution narrative. Even when the government is directly printing money, it can only manage to get ~25% (being generous) to people who actually need it. Higher taxes just means more graft. No guarantees it makes its way to the people.

It works in Finland.

Population of US is about 60x Finland so efficiency of redistribution is probably 60x worse.

Mostly Water

@_mostlywater

Mar 23, 2021

Evidence for that theory?

Jesse Powell

@jespow

Mar 23, 2021

You said it works in Finland. It clearly doesn't work in US. That's all the evidence I have.

Mostly Water

@_mostlywater

Mar 23, 2021

Have you tried it in the USA?

Replying to

and

Yes, I am constantly paying taxes in the US that I see being wasted on handouts to corporate buddies of politicians rather than responsibly spent on projects to actually help people.

7:11 AM · Mar 23, 2021Twitter Web App

Likes