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Finally someone notices that we're being promised the meat and the milk from the same cowpic.twitter.com/avEy7u1K5J
FWIW, it's very possible to think this is a terribly irresponsible scheme & still support increased tax rates for the wealthy. There's a *lot* of territory between Trump's tax cuts and the Sanders/Warren tax plans. There are many more reasonable people on both the left & right
As far as I go — I think the US needs to practice much greater fiscal responsibility, not only re: spending but also in how it regulates consumer markets for e.g. healthcare, education, & financing for both. But I also agree with the left that our safety net is far too narrow.
What we need are politicians willing to empower the rare experts who deeply understand the labyrinthian healthcare & education systems we've created, who can overcome bias to see where costs have been allowed to bloat & who will be doggedly honest in their assessments & proposals
There's also a ton of object-level work that needs to be done re: re-aligning the safety net — for example, clarifying *precisely* what we're trying to accomplish with disability & figuring out ways to allow disabled people to do limited work/volunteering without losing benefits
but I'm sympathetic to the folks who think gov involvement just warps the incentives of communities that would otherwise take care of each other just fine, & I'm sympathetic to those who've been struggling for so long that they just want someone to really commit to their problems
Whoa whoa whoa - could we please use the non-violent to animals idiomatic option “have your cake and eat it too”
I don't understand how a wealth tax is going to break up billionaires. We're talking about a few cents on the dollar here.
The economy is complex and it’s reckless to assume a wealth tax that may exceed 100% of someone’s annual income won’t have a profound impact. It has also failed everywhere else it’s been tried.
Really nice post !! This indeed happens in all Socialist Countries. Govt pillages wealth and implements expensive programs, then collapse. A Wealth Tax of 3% to 6% would cause a massive asset price collapse, followed by a capital crisis, followed by an economic catastrophe.
Also, about "Voodoo Economics": Republicans may have misrepresented the ability of the economy to grow revenues sufficient to cover tax cuts. However, The Congress, run more by Dems and Reps, refused to cut spending as agreed. ALL pols over spend:https://howmuch.net/articles/usa-debt-by-president …
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