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0 pointsmytailorisrich3mo ago0 comments

I think a problem is to think that people become rich at the expense of the poor. This is not a zero-sum game.

This leads to the erroneous assumption that making the rich less rich will make the poor less poor. That's obviously not the case.

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nathan_compton3mo ago

It isn't a zero sum game, but people still get rich at the expense of the poor, sometimes. There are different ways to accumulate wealth and some are better for society than others.

I object to the observation "wealth isn't zero sum" being used to sop up every possible objection to the way the system currently works.

throw0101d3mo ago

> This leads to the erroneous assumption that making the rich less rich will make the poor less poor. That's obviously not the case.

Taking more money from the poor makes them more poor.

Taking more from the rich 'harms' them less because of the margin utility of money: taking $1k from someone making $160k is qualitatively different from someone making $60k. Taking 20% from someone making $160k ($32k) is qualitatively different than taking 20% from someone making $60k ($12k).

So if you want to have X revenues for funding government, you can take it from those who have more marginal need of it, or those who have less.

mytailorisrichOP3mo ago

You'll note you've not rebuked what you've quoted from my previous comment, you've argued something different altogether, and used tautologies and fallacies, too.

It not even related to the original comment I replied to about becoming rich the exoense of the poor...

throw0101d3mo ago

I've argued that, given the need to fund government, the point of marginal tax rates is to not to make the rick less rich, but to not make the poor any more poor, but rather to take the money from those who can better afford to have it taken from.

I.e., to take money from those who have (more) money.

j / k navigate · click thread line to collapse

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nathan_compton3mo ago

It isn't a zero sum game, but people still get rich at the expense of the poor, sometimes. There are different ways to accumulate wealth and some are better for society than others.

I object to the observation "wealth isn't zero sum" being used to sop up every possible objection to the way the system currently works.

throw0101d3mo ago

> This leads to the erroneous assumption that making the rich less rich will make the poor less poor. That's obviously not the case.

Taking more money from the poor makes them more poor.

So if you want to have X revenues for funding government, you can take it from those who have more marginal need of it, or those who have less.

mytailorisrichOP3mo ago

You'll note you've not rebuked what you've quoted from my previous comment, you've argued something different altogether, and used tautologies and fallacies, too.

It not even related to the original comment I replied to about becoming rich the exoense of the poor...

throw0101d3mo ago

I.e., to take money from those who have (more) money.

j / k navigate · click thread line to collapse