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A comment on Jack Dorsey is giving Andrew Yang $5M to build the case for a basic income. Parent comment

Re:Jack Dorsey is giving Andrew Yang $5M to build the case f... by joppy on Thursday May 21, 2020 @06:24PM (#23266215)
A very high progressive tax is compatible with the belief that people should work to earn a living. If I have a lot of money, I can invest it and for almost no work grow my wealth or get another income stream. How is that fair? And why does this observation often get left behind?
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Re:Jack Dorsey is giving Andrew Yang $5M to build the case f... by burrows on Thursday May 21, 2020 @07:55PM (#23267082)
> If I have a lot of money, I can invest it and for almost no work grow my wealth or get another income stream. How is that fair?

One doesn’t just “have” a lot of money. People work hard for their money. A high wage is a signal saying, “We (society) value what you do and wish more people would do it.”

If you think profitable investing is easy then you don’t invest. Ask yourself, if profitable investing is easy, then why do wealthy people pay venture capitalists to choose their investments?

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Re:Jack Dorsey is giving Andrew Yang $5M to build the case f... by missedthecue on Friday May 22, 2020 @12:53AM (#23268753)
How is that unfair?
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