[regentbowerbird]

> The super-rich don't stay rich by just sitting on their money, they invest it.

The specific issue here is that revenue from capital is taxed less than revenue from labor, thus disproportionally impacting the poor & middle class.

Can you explain how taxing the rich even less will solve this issue?

[GardenLetter27]

Then the solution is to cut taxes on income, and cut government spending.

Ideally there'd just be a 10% tax across the board - sales tax, income tax, etc. like the https://en.wikipedia.org/wiki/9%E2%80%939%E2%80%939_Plan

No complicated exemptions, or complicated progressive bands, just keep it simple and eliminate bureaucracy. Then people can manage their own pensions and insurance.

This could be accompanied by a Georgist Land Value Tax to encourage development and innovation too.

[notrealyme123]

thats way more than currently most working jobs get taxed, and way less than returns for invested money gets taxed (at least when using "smart" tax strategies).

So yes, tax the rich +1

[ur-whale]

> Ideally there'd just be a 10% tax

With the added value that it mechanically keeps governments lean and fit, instead of the bloated, taxpayer money wasting leeches that they are in most socialist countries.

Socialism, a.k.a. a picture perfect example of the maxim "The Road To Hell Is Paved With Good Intentions".

High taxes that supposedly lead to social justice via re-distribution of wealth ALWAYS end up driving countries into the same ditch: gross abuse of public money making the poorest part of the population suffer the most.

Look at Venezuela, California and Cuba for perfect examples. Spain is not far ahead of them, check out their sovereign debt in case you have a doubt, and how many times they've had to be bailed out.

And if you have doubts that low taxes lead to healthier societies, it is indeed possible, I'd invite you to take a look at Switzerland, where taxes are super low, the institutions work like well-oiled Swiss watches, crime is quasi non-existent, infrastructures work, corruption is one of the lowest in the world and - yes - there are filthy rich people (who gives two fucks if they're rich? As long as your life is good. Unless jealousy of course.) but the so-called "poor people" in Switzerland have a way better life than most supposedly rich people in the rest of the world.