[emdowling]

Raising money is one thing. Spending it is another. So much energy is spent on policies to do the former, and seeimingly very little on how to do the latter far more efficiently. This policy proposal makes for a fantastic soundbite, but how will the additional revenue be allocated in a way that actually leads to better outcomes?

Simply increasing the top of the funnel is not going to make all the downstream inefficiencies and inequalities go away.

[thazework]

The answer is direct cash transfers to people living in extreme poverty with few strings attached.

https://apolitical.co/solution-articles/en/brazil-lifts-mill...

http://blog.gdi.manchester.ac.uk/just-give-money-to-the-poor...

[kadoban]

Well, if we can't solve every problem in one fell swoop, I guess we should just give up.

[emdowling]

That’s not at all what I’m saying. I’m not saying we shouldn’t raise taxes for the ultra-wealthy, just that we should also spend time on solving the structural issues that prevent efficient and effective allocation of capital, both new and existing.