[ahupp]

Can you quantify what you think that choice looks like?

Say you seized the entirety of Elon Musk’s assets: that could pay for a year and a half of the Dept of Transportation. Say you seized all the wealth (somehow) of the world’s 100 richest people. That’s 2 years of US non-discretionary spending (social security, Medicare and Medicaid). I often see comments that assume all problems could be solved by just taxing the rich more, but I just don’t think that’s true.

The Nordic countries pay for their social safety nets by taxing the middle class more heavily than we do in the US. If you want to change that, it’s less about capital vs labor, and more about your dentist vs labor (dentists be the classic example of jobs that earn high incomes without being “capital owners”).