BOOK REVIEW
Where should society draw the line on extreme wealth? A fresh account sets out the logic and suggests how to redress inequality.
BOOK REVIEW
Where should society draw the line on extreme wealth? A fresh account sets out the logic and suggests how to redress inequality.
Okay but if the rich person misses their Porsche payments, they can buy a Honda Civic.
I don’t know why you are even saying this. What is the point? “If a person spends lots of money on luxury items, they will have less disposable income.” Okay? What does that contribute to the question of how our government policies regulate wealth?
I’m saying that expenses scale to wealth, so someone making a significant income may still struggle at the same level as someone with a low income.
Look at someone like Rudy Giuliani, who I feel safe in saying, nobody feels sorry for that sad fuck. He’s having trouble paying for ANYTHING. Hope he’s cutting out that avocado toast. ;)
That is only true to a point, after which expenses basically don’t exist anymore and wealth continues to grow. The point at which that happens is much lower than you probably think.
I hear that expenses can scale to wealth (although, as I said, the difference is that the wealthy person can scale back but someone already buying the cheapest option has no choice), but what does that have to do with the article? Just a topic you wanted to bring up? Is there something I’m missing?
I’m saying capping how much wealth someone is allowed to have:
a) Is likely to have unintended consequences.
and b) May end up hurting more people than it helps.
Where is the logic from:
rich people may be broke if they spend a lot
to:
capping wealth may have unintended consequences and will hurt more people than it helps
You do realize that the vast majority of people are not wealthy and that the top one percent own a ridiculously disproportionate amount of the wealth? Wealth caps would only “harm” the top whatever percentage of earners. And if they’re at such a thin margin that the wealth tax would hurt them, like boo fucking hoo lmao, they can sell their Bugatti and buy a new Honda Civic fresh off the lot.