In his new book, Joseph Stiglitz outlines a sweeping plan to correct economic inequality http://www.theatlantic.com/business/archive/2015/11/stiglitz-heres-how-to-fix-inequality/413761/ … #choices
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@StartupLJackson E.g. there are measures that will fix poverty but make economic inequality worse. They are separate ideas. -
@StartupLJackson In fact most technology has had that effect. In Neolithic Europe people were pretty equal, but all poor by our standards. -
@paulg@StartupLJackson And yet people like Mitt Romney shouldn't have had a 17% tax rate while I had 40%. - 2 more replies
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@paulg I would concede the term income inequality is not great & that some people do prefer punitive plans w regard to the wealth. -
@StartupLJackson@paulg can we agree on the principle that wealth (esp inherited) should be taxed at least same or more than earned income? -
@anshublog@paulg We'd do better to focus on what's needed to help raise the floor & tax as needed to accomplish that. -
@StartupLJackson agreed but isn't it unfair that a mom with a kid making $40k pays payroll and other taxes and "wealth-ed" Larry doesn't. -
@anshublog note, fixing cap gains has direct economic impact, since you could lower income tax & poorer ppl spend, thus increasing activity. -
@StartupLJackson@anshublog let's not forget that tax rates function as economic knobs to be turned. LTCG rates aim to incentive investment -
@dnathe4th@anshublog And if this is the goal, why not set it to 5-10yrs @ 5% & tax as income short term? -
@StartupLJackson@anshublog http://www.nber.org/reporter/fall04/shackelford.html … maybe tangential, but has some points around pricing pressures from rate discontinuities
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@paulg@StartupLJackson «fixing inequity» is shorthand for softening the bottom and strengthening the middle class not eliminating wealth. - 1 more reply
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@paulg@StartupLJackson It seems there isn't a clear definition of what the ideal distribution of wealth or income is in this conversation.Thanks. Twitter will use this to make your timeline better. UndoUndo
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