Hacker News new | ask | show | jobs
by avereveard 1138 days ago
I'm ok with high taxes for sale and redistribution, but I don't think they have such large impact on economic mobility, at least at the top. After all real tax pressure on companies has been steadily going down, but the rate of change in the fortune 100 had been steadily increasing
2 comments
nivenkos 1138 days ago
I mean economic mobility like making it easy for people to switch jobs, move city, work for startups, etc.

So separating healthcare coverage from your employment is one important step, as is providing modern, in-depth STEM + Medicine education so people are able to work in highly skilled jobs where we really need them.

That's a big part of driving disruption and progress.

link
pydry 1138 days ago
Economic mobility != fortune 500 companies being swapped out with one another. Even more so as people increasingly opt out of individual stocks and just end up buying VTSAX or similar.

It almost seems like a metric designed to mislead about economic mobility in fact. Where did you read about it?

link
MichaelZuo 1137 days ago
Fortune 500 companies are comprised of people who can receive varying pay packages based on their company's performance, the closer to the top they are the more direct this relationship is.

Seems like a decent proxy measurement to me.

link