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alejohausner | 4 days ago

This is a tax on wealth. Since many wealthy people don’t want to share their money, maybe it’s reasonable for some of it to be taken away from them and redistributed. That’s the real issue.

As Pikkety pointed out, vast fortunes distort the democratic process, because a few rich people can manipulate politicians to pass laws that favour them. Moreover, the growth rate for investments is always greater than the growth rate of wages, so exponential growth means that wealth inequality will only worsen with time. One way to reduce inequality is to tax wealth more than income.

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hulitu|3 days ago

> vast fortunes distort the democratic process, because a few rich people can manipulate politicians to pass laws that favour them.

Not "can", "do". Corruption is istitutionalized in EU. Does the road must be repaired ? We do it 3 times, with 3 different companies, some of them from the other end of the country.