Oh, I don't disagree that the current system isn't bad, but, as you said, the Nordics have a much better take on it. Basically, aggressively taxing high incomes and having a strong social safety net seems to work very well.
Re:I wish GPT4 had never happened
by satvikpendem on Saturday April 08, 2023 @01:18PM
(#35495450)
On the other hand, Europe doesn't really have many companies on par with the US, likely because of the pro corporate policies in the US. Google, Amazon, Apple, Facebook, Microsoft, Coca-Cola, Nike, etc. Many companies that people currently work at are US made and it appears that the ability for people to start businesses is what enables our continued GDP growth such that we can even have a good economy. Compare to something like Italy or Japan whose economies are flat, as well as not having new entrepreneurial growth.
Now one might say that worker comfort matters over companies being made, but at some point, there have to actually be companies to work at in the first place.
Inflation occurs when the supply of money flowing in the economy grows. Bezos' wealth for example is tied up into Amazon, it's not liquid. But suddenly if you gave everyone and extra 10k a year from that money? They'll spend it, causing prices to increase. That's inflation. Not to mention converting Amazon stock to cash would cause the price to crater. The way to get around that would be to directly issue the stock to the government or to the people, as some countries do. However, again, people could simply sell the stock to use the money as cash, again causing inflation. Norway and Alaska have a decent model, a sovereign wealth fund that issues dividends to its populace, but again, it can cause inflation.