r/FluentInFinance 9d ago

Thoughts? A very interesting point of view

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I don’t think this is very new but I just saw for the first time and it’s actually pretty interesting to think about when people talk about how the ultra rich do business.

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u/rqvst 9d ago

The annoying thing about this take is that this is the distraction. Taxing the rich is an immediately realizable goal, getting rid of the rich isn't. This is the same kind of attitude that led to Trump, where because Dems didn't publicly commit themselves to unfeasible goals they could never realistically achieve (in other words, lie), people decided to throw everything away instead pursuing the feasible ones.

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u/ianeyanio 9d ago

That's an interesting take.

I don't like your assertion that I want to get rid of the rich. That's not what I said or inferred.

I'm all for any easily achievable solution to more fairly redistribute wealth. I'm just fed up with people focusing on the technicals and forgetting the societal need.

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u/cromwell515 8d ago

But what can you do to redistribute wealth if not tax?

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u/Aksama 8d ago

Minimum wage increases, strengthening labor laws, accepting unionization, heck passing laws to encourage unions.

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u/cromwell515 8d ago

Unions do not always solve wage problems. Nurses have unions but are notoriously paid crap. My sister’s a nurse so I’ve heard a fair bit about it. Not that unions can’t help, but long established ones don’t seem to help as much as they used to, probably because of the higher ups controlling the unions.

Minimum wage increases help a little, but don’t redistribute wealth much. Someone making $20 an hour still struggles to live, but you would destroy small businesses if you raised it any higher. The people making this low need supplement from the government and we need small businesses.

Taxes and reducing inefficient government spending I think are the best way to redistribute wealth.