Re:The Rich Can't Get Richer Forever
by dogcomplex on Monday September 09, 2019 @04:52PM
(#20922346)
I mean... it absolutely does. You put the money taxed from the rich into social programs to ease the stress and risk of the lower classes - or just give it directly to them as lower taxes. That could make a huge difference.
If you argue that insurance/college/rent etc would scale to accommodate the larger budgets the lower classes would suddenly have, then obviously some other legislation is needed there though.
In turn, fewer people in this class are investing in the future or hold stock, which means they feel little investment in the world. Instead of feeling like part-owners of the country, they feel like wage slaves with little power to escape the bondage of debt.
On top of this, it feels like just barely getting by with these things requires more time and effort than it used to. People are working more part-time jobs and both parents of a family need to work.
Taxing rich people does little to make these very real problems go away.