I don't think it's the money that's the problem, it's the methods they invariably use to accumulate more of it once they have some. Like passing "progressive" tax structures but then building ever more complex exceptions which require lots of money to exploit.
I don't think it's the money that's the problem, it's the methods they invariably use to accumulate more of it once they have some. Like passing "progressive" tax structures but then building ever more complex exceptions which require lots of money to exploit.
YouтАЩre mixing up the "they"s. The rich accumulating money donтАЩt pass the "progressive" tax structures. The government does that to "help" people and, by coincidence, increase its own power. The rent-seeking is inevitably created by government as it puts itself in the middle of everything with a hundred thousand regulations and so on. As government power over business and industry grows, the rich wealth creators pour money into the political process to try and control the decisions the government is making over their livelihoods as well as come up with complex exceptions to the tax code.
Government creates all these problems and then tries to solve them by more of the same, in an endless vicious cycle.
Midwits in Congress who have not the slightest idea of unintended consequences nor any interest in same nor capability of learning. In recent decades, as Congress has ceased to do its own work, it's been unelected midwits inside the Federal bureaucracy. Same but worse.
I can guarantee you "plutocrats" would write a very different tax structure (presumably more to their own advantage). Do big companies and the super rich spend a crap ton of money lobbying the govt to adjust those structures and create carve outs for themselves? Of course they do. Like everyone they are responding to the incentives that govt creates.
Unlike in Europe (where the middle class pays for its own benefits), here "the rich" pay the vast majority of taxes. Our code is more progressive than that of EU countries. The plebes here do have to pay payroll taxes, for which they will get a rude surprise when it turns out there is no money for them to get benefits back out in the future. More govt brilliance.
It's a rigged game. And it's not new. An endless supply of subsistence labor and the unfettered exploitation of natural resources without consequence or restraint. People defending the right's of the rich should consider the 2008 grift that destroyed the saving's and wiped out the pension funds of millions of American's while hurling lives into chaos across the globe. The perp's walked. And there was no hesitation when it came to gutting and turning American industrial cities into war zones. T.Piketty won the Nobel Prize in economics for outlining the ongoing ascent of the new feudalism.
I don't think it's the money that's the problem, it's the methods they invariably use to accumulate more of it once they have some. Like passing "progressive" tax structures but then building ever more complex exceptions which require lots of money to exploit.
YouтАЩre mixing up the "they"s. The rich accumulating money donтАЩt pass the "progressive" tax structures. The government does that to "help" people and, by coincidence, increase its own power. The rent-seeking is inevitably created by government as it puts itself in the middle of everything with a hundred thousand regulations and so on. As government power over business and industry grows, the rich wealth creators pour money into the political process to try and control the decisions the government is making over their livelihoods as well as come up with complex exceptions to the tax code.
Government creates all these problems and then tries to solve them by more of the same, in an endless vicious cycle.
Who do you think writes those progressive tax structures?
Midwits in Congress who have not the slightest idea of unintended consequences nor any interest in same nor capability of learning. In recent decades, as Congress has ceased to do its own work, it's been unelected midwits inside the Federal bureaucracy. Same but worse.
I can guarantee you "plutocrats" would write a very different tax structure (presumably more to their own advantage). Do big companies and the super rich spend a crap ton of money lobbying the govt to adjust those structures and create carve outs for themselves? Of course they do. Like everyone they are responding to the incentives that govt creates.
Unlike in Europe (where the middle class pays for its own benefits), here "the rich" pay the vast majority of taxes. Our code is more progressive than that of EU countries. The plebes here do have to pay payroll taxes, for which they will get a rude surprise when it turns out there is no money for them to get benefits back out in the future. More govt brilliance.
Right.
When the accumulation of wealth turns from _work_ to _rent_ (in the economic sense of the word), you have a problem, in my never humble opinion.
But this has little to do with the issue we're supposed to froth over today, which is Baaaad Climate Activism. ЁЯША
It's a rigged game. And it's not new. An endless supply of subsistence labor and the unfettered exploitation of natural resources without consequence or restraint. People defending the right's of the rich should consider the 2008 grift that destroyed the saving's and wiped out the pension funds of millions of American's while hurling lives into chaos across the globe. The perp's walked. And there was no hesitation when it came to gutting and turning American industrial cities into war zones. T.Piketty won the Nobel Prize in economics for outlining the ongoing ascent of the new feudalism.