Hacker News new | ask | show | jobs
by mayniac 2955 days ago
>The wealthy only care when the pitchforks come out.

I can't find the link right now, but there was a TedX talk by a multi-millionaire arguing that he wants to be taxed more. And it's a growing trend, a lot of very wealthy people are starting to plead for higher taxes. The reasoning being if wealth inequality continues to widen, eventually it won't be a case of shaking the rich to empty their pockets a bit, it will be a case of hanging the rich from lampposts.

I've met a lot of anti-capitalists who are mildly Posadist/accelerationist for this reason. For all of the ideas in this thread regarding increasing taxes on the rich and social welfare problems, I cannot help but believe that ultimately, we are overdue large scale social unrest in 1st world countries. Placating the proletariat with incentives like tax breaks and welfare programs is great in the short term, but in the end it might just be delaying the inevitable, and making it far worse. I'm firmly of the belief that a new economic system needs to be part of mainstream discussion as soon as possible, because otherwise we will eventually have riots which cause a power vacuum, and history has shown nothing good comes from that.

2 comments

>The wealthy only care when the pitchforks come out. I can't find the link right now, but there was a TedX talk by a multi-millionaire arguing that he wants to be taxed more.

This? https://www.ted.com/talks/nick_hanauer_beware_fellow_plutocr...

Why do rich people want to pay more taxes? Why not directly invest in improving the situation of the poor? This way they remain in control of how money is spent. Tax money will just be spent for more wars.
It is labour intensive to directly infest into poor. It involves setting a good programme and/or charity and managing it...

Technically government is already equipped to do everything a charity can and more eith superior information so should be more efficient at it. Although it depends on the country/state in question.