News for hackers. Stuff that matters.

A comment on Media Owned by Wealthy Are Quick to Tell You Wealth Taxes Are a Bad Idea. Parent comment

Re:Media Owned by Wealthy Are Quick to Tell You Wealth Taxes... by wrkronmiller on Thursday October 22, 2020 @02:06PM (#24861141)
> What frustrates me about this whole argument over wealth taxes is that the arguments aren't grounded in facts.

You say this, yet you don't provide a single citation for any of your arguments.

> There is a very strong case that one reason for sluggish economic growth is the concentration of assets and wealth in so few hands, and the continuing stagnation/decline in wealth/living standards/etc of bottom 40% of the US when measured in things like "healthcare", "education" etc. A redistributive wealth tax that was well structured could be a huge boon to GDP growth.

This seems plausible, but not self-evident. Give us evidence.

[ Parent | on HN ]
Re:Media Owned by Wealthy Are Quick to Tell You Wealth Taxes... by lstmemery on Thursday October 22, 2020 @05:07PM (#24863310)
Not the OP, but the most recent meta-analysis suggests that there is a negative correlation between inequality and growth[1]. Wealth inequality is more negatively correlated with growth than income inequality.

[1] https://www.sciencedirect.com/science/article/abs/pii/S03057...

[ Parent | on HN ]