Hacker News new | ask | show | jobs
by hgdfhgfdhgdf 1171 days ago
Your comment that the rich "siphon that much wealth out of the global financial system" is wrong and is an argument often made by people with limited knowledge of economics. The pie is not fixed.
1 comments

> The pie is not fixed.

Nor is it infinite.

It is true it can grow and shrink.

It is not true that the growing and shrinking are always non-zero sum.

It is also not true that the growing can go on forever unbounded.

It is also not true that the growing should be the most important priority.

It is also not true that the benefits of the growing or the deficits of shrinking are always distributed equally.

Protecting the vulnerable from the above is one of the core responsibilities of the state and is the exact purpose of progressive taxation.