Re:CEO of Uber: Gig Workers Deserve Better
by dnautics on Monday August 10, 2020 @02:41PM
(#24112565)
If progressive taxation outcompetes exponentiality, empirically it never has, not even in the most progressive states, as we see that the wealth gap still increases, even in most European nations.
Re:CEO of Uber: Gig Workers Deserve Better
by arcticbull on Monday August 10, 2020 @04:05PM
(#24113425)
I don't mind that, though, I think outsized reward is fair for outsized value creation. Where I disagree is that it should last more than a generation, and I believe that higher taxes should be levied to raise the standard of living for the bottom rung.
I believe in wealth and income in equality.
Re:CEO of Uber: Gig Workers Deserve Better
by dnautics on Monday August 10, 2020 @07:35PM
(#24115490)
> I think outsized reward is fair for outsized value creation
How do you define "fair" and how do you define "value creation"? And how do I get to be the administrator who gets to make those calls, so that I can make sure that my friends and family's "value creation" classes are put before everyone else's?
On the other hand, if you start at the parabolic upward portion of the geometric return curve, having demonstrated no value of your own, you've destroyed meritocratic rewards.
The founding fathers were historically against generational wealth, after all, they fled such a system in Europe.
> It seems like income taxation and social subsidies O(t) are unlikely to outcompete exponential processes as ameliorations for the root problem.
Taxation can absolutely outcompete potential exponential processes, that's why we have progressive taxation. Progressive taxation is exponential in dollar terms.
Progressive wealth taxation is another way of approaching this, but so is an estate tax. That short-circuits the whole process.
To be clear, I believe in wealth inequality, and I believe in income inequality, so long as it's coupled with social mobility (i.e. everyone has the ability to reach higher tiers), and so long as the minimum standard is a decent existence, not death.