FWIW, I was with you until the "Tax the rich" bit.
Considering how many people the average "rich" person employs, they are generating plenty of tax revenue.
Not quite sure how you got that out of my comment, but no.
In the US at least, those classified as poor have a very low tax burden, in many cases they pay $0, or close to $0 in federal taxes after standard deductions.
US taxes are wildly regressive. Last time Elon's taxes came up, I calculated that he pays taxes at about 1% the rate that I do (and most of us here do). Crazy!
I think "Tax the rich" is the wrong slogan. What we need is to incentivize sharing the progress we are making in terms of productivity widely instead of all the benefits going to a few. For example some people are talking about giving company shares to all workers. This would align the incentives for all workers in the company to do better and then benefiting instead of just the top few percent.
I wonder if this could be achieved by changing the tax code.
The moment tax policy goes into a wonky side alley it can be bought and paid for. Frontal assault is the only strategy that can possibly work for this one.
Geez, the rich already take credit for the things their employees do...and now you want to give them credit for the taxes their employees paid too! Wild!
Yep, and you see a similar thing with government spending and presumption of waste.
Sure, government spending can be wasteful. But it's also generally going into the economy. It's buying stuff from companies who use the revenue to pay their employees and supply chains. It's paying government employees who spend their pay on places to live, food to eat, entertainment, etc. Some folks act like that money disappears. Waste or not, governments aren't generally hoarding cash, they're spending it.