Re:Sam Altman and Andrew Yang talk UBI
by fzeroracer on Wednesday January 01, 2020 @02:45AM
(#21927123)
> The wealthy will be paying much more tax than you though. In raw amounts, the wealthy are doing much more to run the government financially than you are by orders of magnitude
This also has a disproportionate effect on the rest of the government, however. The wealthy clamor for tax cuts because they already pay more than everyone else (and as long as income disparity exists, this is going to be a fact, so it's not really much of an argument) which in turn means said tax cuts can break the bank so to speak. Which results in cuts to systems that the poor and less wealthy rely on to live, things such as basic schooling or financial aid.
In turn, that money that they do get tends to go towards things that entrench their power. Politicians, mainstream media, things such as that. I personally have not heard a strong argument for not taxing the wealthy and corporations more, because for all the tax cuts we've seen we're still in dire straits when it comes to dealing with poverty and healthcare. So clearly something isn't trickling down here.
This also has a disproportionate effect on the rest of the government, however. The wealthy clamor for tax cuts because they already pay more than everyone else (and as long as income disparity exists, this is going to be a fact, so it's not really much of an argument) which in turn means said tax cuts can break the bank so to speak. Which results in cuts to systems that the poor and less wealthy rely on to live, things such as basic schooling or financial aid.
In turn, that money that they do get tends to go towards things that entrench their power. Politicians, mainstream media, things such as that. I personally have not heard a strong argument for not taxing the wealthy and corporations more, because for all the tax cuts we've seen we're still in dire straits when it comes to dealing with poverty and healthcare. So clearly something isn't trickling down here.