This is the only voice I hear that gets at the actual issue facing our politics and economy.

  • Hello_there@fedia.ioOP
    1·
    3 days ago

    This is why estate taxes are so important. That’s the point that some of that inequality can regress.

    Yachts - sure. I get your point.

    But what this guy focuses on is less luxury goods and more assets - something like - ‘you’re rich, and your finance guys are making money for you. Its only logical that they invest those funds in whichever assets get a good return. Not just stocks - all aasets that are going to make you passive income. One asset class is the housing supply - you can invest in a corp that buys up old houses and rents them out. Now you’re getting a good return, but you’re competing with the middle class for ownership of those homes.’

    • Adalast@lemmy.world
      1·
      1 day ago

      Yeah, I hadn’t gotten into the “how to fix” part. Estate taxes, VATs on intermediary products, and wealth taxes are all great ways of redistribution, which is required for a functioning economy that grows at all levels, not just one.