News for hackers. Stuff that matters.

A comment on 50% of All Workers Made Less than $26,000 in 2010. Parent comment

Re:50% of All Workers Made Less than $26,000 in 2010 by yummyfajitas on Thursday October 20, 2011 @05:00PM (#3136971)
Luckily, the recession is causing the wealth disparity to decrease.

http://www.theatlantic.com/business/archive/2011/10/the-1-ai...

[ Parent | on HN ]
Re:50% of All Workers Made Less than $26,000 in 2010 by MrWestley on Thursday October 20, 2011 @05:37PM (#3137182)
Yes, but this isn't a good thing. The solution isn't to make the rich poor. It is to make sure everyone else can make more.
[ Parent | on HN ]
Re:50% of All Workers Made Less than $26,000 in 2010 by tomkarlo on Thursday October 20, 2011 @11:52PM (#3138315)
Nobody's suggesting making the rich poor. Increasing taxes by 10 or 20% on someone making over 250K a year will cost them another $800 or so a month in taxes.

To say that's making the rich "poor" is, frankly, offensive to people who actually are poor.

It's great to say we should enact policy that makes everyone richer. But it's basically saying something everyone can be in favor of because it has no concrete meaning.

Taxing the rich more so that everyone else can get better education and healthcare will make "everyone richer" in that it should raise per-capita GDP, but I don't think that's what you mean.

[ Parent | on HN ]