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I hate to break it to you but the whole "tax the rich" thing is what the rich want you debating... why? Cause you can tax them all you want, but when our budget is 60% military they will still get rich and we will go in debt no matter how much you tax them.
Ya know what the rich really dont want? You fighting to get the military budget slashed in half leaving more than enough money to cut taxes for everyone (including the rich)... but noooo, any solution that saves everyone money, including the rich, is one that will never be supported.
So many people just get spoon fed a narrative and then its law.
taxing the rich is about reducing their political power, not the government revenue. we must also slash military spending. and provide universal health care.
@wjmaggos I am all for making sure money isnt able to influence political power... but going about that by taking away people with money is a really self-destructive tactic.
I also want to decentralize all media and get rid of advertising and pass political reforms, but a person with a $1b is going to have a lot of power when most don't have $1m. I'm for taking the money away, not the people. I'd rather we have such a competitive market that no company or person ever has such unfair advantages imo. how is it self-destructive?
Taking the money away from wealth produces like billionairs is probably the most destructive thing a society can do. There is a very good reason why over the last hundred plus years that the number of people in poverty dropped as the number of billionairs increased.
Money has absolutely no power as long as the people dont let it and the elections are fair. The only reason people with money have power is because people dont turn off their tvs when the lobbying ads come on. Money can only buy you votes when the general population is willing to sell their vote to the highest (figurative) bidder.
what's the very good reason? places with massive poverty have also had an exploitative wealthy class. you don't take all their money eliminating incentives. the billionaire didn't work harder than the multi millionaire. it was luck.
money can be used in more ways than that, and nobody is 100% immune to propaganda nor will we ever achieve near immunity to it in most of society. I agree about educating the public interest this direction, it's essential. but it will never be enough.
@wjmaggos the "very good reason" is simple... money is not a fixed quantity where in order to have mroe others must have less. Wealth is **generated** not taken.
Billionaires are the most successful wealth generators in a society. So having them means a lot of wealth is likely being generated (not always, but usually). Destroying the wealth generators and distributing what money they created therefore might temporarily feed a few people but plunge society into poverty long term.
The reason poverty levels plummet as billionairs become more numerous is because a society that has a lot of well performing wealth generators makes all of society wealthier and has been shown to significantly reduce poverty levels.
I agree that a well functioning market creates a lot of wealth for everyone and reduces poverty. There's innovation. There's cheaper and better stuff and services. I strongly support a mixed economy.
IDK why you keep saying it this way, but I am not for destroying wealth generators. Successful businesses who don't create billionaires also generate wealth. Billionaires don't prove the economy is good, but they are most easily able to use that wealth to thwart competition.
