Converation thread

I believe we have really high inflation but I don't think letting the rich hog all of the money will help.

So your plan to help the middle class is to steal the money of the people who hire middle and lower class workers? For some reason I just don't see the logic in that. Every dollar you take from the rich is a dollar they can't spend hiring people, making products people need or want, and so on and so forth. Simply giving the money to the government doesn't solve the problem, it makes it worse: the government will become an elite ruling class, which I was under the impression was anathema to liberals like you. Be consistent here.

While I understand where you're coming from, it's important to view this from a broader perspective. A progressive tax system, which taxes the wealthy at higher rates, isn't about "stealing" from the rich; it's about addressing income inequality and ensuring everyone pays their fair share. It's also about investing in public goods that benefit everyone, including the rich, such as education, healthcare, and infrastructure.

For example, during the golden age of economic expansion in the U.S. after World War II, the top marginal tax rate was over 90%, yet…  Read more this period was marked by significant growth and prosperity.

Moreover, research by economists like Thomas Piketty suggests that extreme wealth concentration can actually hinder economic growth. Money hoarded by the ultra-wealthy isn't always invested back into the economy; instead, it often sits in stocks or real estate, whereas money in the hands of lower-income individuals is more likely to be spent on goods and services, stimulating economic activity.

I'm curious to hear your thoughts on this. How would you propose we tackle income inequality while still encouraging economic growth and investment?