Re:What to know about the stock market (2007)
by sokoloff on Monday February 14, 2022 @06:31AM
(#30330780)
That reduces social inequality, but that is not the singular goal of a society. Producing goods and services and wealth for the nation is a goal that competes with “tax away almost all the gains of these activities”, which is why there’s debate about how to balance these things.
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Re:What to know about the stock market (2007)
by hnbad on Tuesday February 15, 2022 @05:09AM
(#30344658)
Frankly, who is "the nation" if not its people? As long as even a single individual suffers poverty, "the nation" has failed. If "the nation" is its people, protecting every single person from hardship is a higher goal than allowing a minority to live in excessive luxury.
If you think the "wealth of a nation" is measured by the luxury of a few rather than the poverty of the many, you might as well just revert to feudalism.