Re:To Understand Rising Inequality, Consider Janitors
by tomjen3 on Sunday September 03, 2017 @01:21PM
(#15162600)
Rather than tax wealth, tax spending: no taxes on your income, no taxes on anything until you spend it. That way people will have more money to invest in companies allowing the economy to grow and create wealth, and we kill the ludicrous idea that consumption creates wealth, rather than construction. It does have the issue that this hurts poor people, but that is easily solvable with a direct transfer of (electronic) cash.
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Re:To Understand Rising Inequality, Consider Janitors
by adamlett on Sunday September 03, 2017 @01:46PM
(#15162731)
Your argument hinges on the erroneous belief that more investment is always better. But in order to create value, investment capital needs sound investment opportunities with positive expected ROIs. If there is too much capital and not enough opportunities, supply and demand dynamics cause the ROIs to start to drop until investing becomes value destructive. That's when the market for investment starts to resemble a Ponzi scheme.
Re:To Understand Rising Inequality, Consider Janitors
by flyinglizard on Sunday September 03, 2017 @06:37PM
(#15164369)
At the end of nearly all civilian investments, stands a consumer with their wallet out. Take them out, and you are left with unused infrastructure.