[caramelcustard]

"Honestly I think this is obvious to anyone who is not financially motivated to think otherwise." which implies that the interviewer and the economist are acting in good faith and are not financially motivated to push certain ideas.

"The biggest problem is the rich have created a system in which people's future (retirement) is basically linked to "the market" growing over their lifetime." ah so trade and supply/demand that are moved by "standard persons" = rich people, ah yes.

"This system of course is built 100% on governments/employers not wanting to guarantee financial security of elders and offload the risk to the individual." great idea, have people at governments mercy and build a voter block that is going to put the tick where they're going to be told to for some of that extra pension plan dough.

"...the rich benefit insanely more by market movements than a standard person does..." while also contributing the most tax revenue...

[bergenty]

What are you smoking? The rich pay capital gains which is way, way less than the average person is paying.

[caramelcustard]

"The latest government data show that in 2018, the top 1% of income earners—those who earned more than $540,000—earned 21% of all U.S. income while paying 40% of all federal income taxes. The top 10% earned 48% of the income and paid 71% of federal income taxes." https://www.heritage.org/taxes/commentary/1-chart-how-much-t...

Nice of you to imply that only "the rich" can buy/sell assets, especially in a post-Gamestop world.

[orwin]

Now, add VAT to income taxes, and change the referential. Top 1% gives back X% of their income as taxes, top10% gives back Y%. If Y>X, you have inequality issues.

[caramelcustard]

"Inequality" in percentage but not the actual revenue. Not sure what is the point of adding VAT though. "The rich" does not pay it i presume, just like "average people" are free of capital gains taxes (lmao).