Re:Buyer's Remorse: High Debt and Low Pay Leave Some College...
by joejerryronnie on Wednesday May 29, 2019 @09:56PM
(#20047676)
It won’t work for the following 2 reasons:
1) The wealthy have the resources to fight back against much higher taxation and play the long game. Even if a spate of progressive candidates are elected and drastically raise taxes, the wealthy will just wait until the political pendulum swings back and will get themselves a better deal than they had originally.
2) Even if higher taxes on the wealthy stuck, there is not nearly enough money there to fund every progressive pipe dream (education, healthcare, housing, environment, inequality, reparations, etc, etc). So once again, the working middle class gets stuck with the tax bill, just like every other time we’ve tried something like this.
And speaking about conservatives sounding outdated, there’s nothing that highlights the naivete of youth more than hearing them say “this time it’s different”.
1) The wealthy have the resources to fight back against much higher taxation and play the long game. Even if a spate of progressive candidates are elected and drastically raise taxes, the wealthy will just wait until the political pendulum swings back and will get themselves a better deal than they had originally.
2) Even if higher taxes on the wealthy stuck, there is not nearly enough money there to fund every progressive pipe dream (education, healthcare, housing, environment, inequality, reparations, etc, etc). So once again, the working middle class gets stuck with the tax bill, just like every other time we’ve tried something like this.
And speaking about conservatives sounding outdated, there’s nothing that highlights the naivete of youth more than hearing them say “this time it’s different”.