Comment on Here are the massive tax increases coming your way in a second Biden term

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GrymEdm@lemmy.world ⁨7⁩ ⁨months⁩ ago

That’s why I specified you may call it whatever you wish to. The important bit is not the words used, it’s the fact that less taxes are paid. Going back to the Oxfam report I linked: “Worldwide, only four cents in every tax dollar now comes from taxes on wealth.” and “A billionaire gained roughly $1.7 million for every $1 of new global wealth earned by a person in the bottom 90 percent.”

No matter how that is being achieved, or how you wish to fix it, or what you want to call it, that is the situation I would like to have remedied by taxation or other forced redistribution of wealth. I’m not even full communist or anything - I firmly believe we need distinct economic tiers to encourage people to perform. You don’t get enough surgeons if you pay everyone a cashier’s wage regardless of job. But there’s a huge amount of space for correcting wealth inequality that allows the wealthy to enjoy the best life has to offer while still preventing the (IMO) injustice of current economic reality.

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