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by gndk 817 days ago
Yes, more taxes will solve all the problems. /s

The solution is making government significantly smaller, more efficient and stop handing out all kinds of subsidies, welfare payments and other transfers.

Let the economy breath again.

2 comments

>stop handing out all kinds of subsidies, welfare payments and other transfers.

We can agree there as well. But unprecedented wealth accumulation at the top is not some mysterious magical force - it's what happens when we stop taxing capital accumulation the way we used to. Both are necessary to control money supply.

No its what happens when the government is involved in any way.

Power will be seized by the powerful. Take the power away from the government.

Think about all the meddling the government has done in the economy for the last few decades and where all the money has gone.

The problem is that such calls inevitably get neutralized and perverted by the political establishment, which of course does not wish to shrink itself. Entrenched interests have been very good at making sure the trough of corporate welfare is never called into question (including the artificially low rates powering the overleveraged financial industry), by construing that message of "smaller government" to mean only cutting back on spending and legislation that's aimed at mitigating the damage from the overwhelming government welfare going to companies. So while I'm a proponent of decentralization in general, as long as the corporate welfare (and the rest of the general corporate legislative agenda) continues unabated it does make sense to point out how much taxes have been cut for the same upper class that is the chief beneficiary of most types of government handouts.