Re:Universal Basic Income is Capitalism 2.0
by Chris2048 on Friday July 31, 2020 @01:36PM
(#24011221)
> that can be made against any and all taxation
Only if you assume the wealthy have zero resistance to moving, and would leave for a country with lower taxes at any level of taxation. You're essentially saying nothing can be described as expensive without the same complaint being valid against anything not free.
> It is obvious in extreme examples
That extreme example only applies it to 2 people. Applied to all Americans, and the dollar becomes worth less.
Your PP equalisation has the exact same effect of heavy taxation, although it feels more like revolutionary redistribution. Whatever you feel about that, it's still short of redistributing PP because it only applies to currency, and not other investments.
Only if you assume the wealthy have zero resistance to moving, and would leave for a country with lower taxes at any level of taxation. You're essentially saying nothing can be described as expensive without the same complaint being valid against anything not free.
> It is obvious in extreme examples
That extreme example only applies it to 2 people. Applied to all Americans, and the dollar becomes worth less.
Your PP equalisation has the exact same effect of heavy taxation, although it feels more like revolutionary redistribution. Whatever you feel about that, it's still short of redistributing PP because it only applies to currency, and not other investments.