Hacker News new | ask | show | jobs
by wolvesechoes 35 days ago
No. Charity depends on good will. Taxes do not.

Charity, helping the poor etc. is postulated for thousands of years, and didn't bring any effect. Do you know what did? Public policies and public investments, and proper tax regulations to finance them.

Hell, good, progressive tax policy should even be seen as beneficial for those that praise capitalism for it's productivity and efficiency, as it creates incentives for investments and better wages instead of rent-seeking and fat-growing.

Now, I am not against charity. There will always be a room for it, as there will be room for volunteering and communal activities. But it won't solve systemic problems, like growing inequality, poor housing, environmental issues, political corruption etc

1 comments

Even Ford realised that it was in his best interest, for his workers to "only" work 8 hours a day, since their wellbeing was the prerequisite for the labour power (they were selling to him precisely at a price point lower then it's value) that was the basis for his value production and value extraction.