Re:Hawaii governor vows to block land grabs as fire-ravaged ...
by pixl97 on Thursday August 17, 2023 @03:53PM
(#37167063)
>A rising tide lifts all boats, and that is what has borne out by historical fact for capitalism.
This also misses that it does so by FORCING said highest boats to pay the state/federal taxes in which are used to ensure those with sinking boats don't turn into pirates to stay alive.
>The mega-ultra-rich (the top richest few thousand people in the world, like you said) aren't piling vaults with gold, Scrooge McDuck style. Their wealth is the productive assets they own, almost always companies that generate value for consumers.
Because we incentive investment. If we did not there would be plenty of ultra mega rich sitting on piles of gold pretending they were dragons.
Every damned discussion I see about this tries to pain everything in a binary when it's a far more complicated topic. The wealthy are far better off putting some sizeable portion of their wealth to ensure society works because it creates a feedback cycle where both their wealth, and the gross wealth of the society increases, and the society is one that is generally safer to take part in.
This also misses that it does so by FORCING said highest boats to pay the state/federal taxes in which are used to ensure those with sinking boats don't turn into pirates to stay alive.
>The mega-ultra-rich (the top richest few thousand people in the world, like you said) aren't piling vaults with gold, Scrooge McDuck style. Their wealth is the productive assets they own, almost always companies that generate value for consumers.
Because we incentive investment. If we did not there would be plenty of ultra mega rich sitting on piles of gold pretending they were dragons.
Every damned discussion I see about this tries to pain everything in a binary when it's a far more complicated topic. The wealthy are far better off putting some sizeable portion of their wealth to ensure society works because it creates a feedback cycle where both their wealth, and the gross wealth of the society increases, and the society is one that is generally safer to take part in.