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by JDiculous
2985 days ago
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Wealth inequality is extremely easy to solve - raise taxes on the rich (as well as rent-seeking). The problem is that our politicians, especially conservatives (though liberals are in on it too), have no integrity in this regard. We just need to stop voting in people who won't raise taxes on the rich. * By the rich, I'm not referring to the doctors, engineers, and lawyers in the upper middle class, I'm referring to billionaires |
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Capital, like water, takes the path of least resistance. There's ample academic literature which shows and explains international tax competition exists, we can't pretend it doesn't. Any country that increases taxes just signals to the increasingly mobile tax base that they ought to go somewhere else. And tax coordination, i.e. countries agreeing on minimum tax levels, is an incredibly difficult political problem. You're literally putting the heart of a country's budget on the negotiation table, it doesn't get more political.
As such, it's not at all extremely easy to solve. It's not just an issue of integrity, it's also an issue of international politics.