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300 points pseudolus | 2 comments | | HN request time: 0.404s | source
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BrenBarn ◴[] No.44410806[source]
> I heard one answer more than any other: the government should introduce universal basic income. This would indeed afford artists the security to create art, but it’s also extremely fanciful.

Until we start viewing "fanciful" ideas as realistic, our problems will persist. This article is another in the long series of observations of seemingly distinct problems which are actually facets of a larger problem, namely that overall economic inequality is way too high. It's not just that musicians, or actors, or grocery store baggers, or taxi drivers, or whatever, can't make a living, it's that the set of things you can do to make a living is narrowing more and more. Broad-based solutions like basic income, wealth taxes, breaking up large market players, etc., will do far more for us than attempting piecemeal tweaks to this or that industry.

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skeeter2020 ◴[] No.44414213[source]
I do a lot of things as an amateur but at pretty high level: athletics, music, art and more. I also pay a huge portion of my income as a software developer in direct and indirect taxation. Convince me I should fund people to focus full-time on things where they can't make a living, the same things I love to do but realize can't be your sole pursuit.

You've conflated people busting ass who can't keep up with those following their passion in the arts voluntarily. Those don't feel anything like the same thing to me. I don't think I'm alone in a perspective that if you keep taking more from me I'll stop contributing all together, and we'll all fail. The ultra-rich and others with means to avoid picking up the tab have already done so.

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harmmonica ◴[] No.44414843[source]
I feel like this is one of the fundamental issues with US taxation today and this overall issue of wealth inequality. People like you, high-income and likely not a lot of shelters for that income based on what you're saying, pay a lot of taxes percentage-wise and so the thought of paying another 1-2 percentage points is, for lack of a better word, sickening. I tend to think you're right about that because it feels really unfair when you're paying 40-50% tax, a lot of people pay zero, and then people who are much wealthier than you are paying 20%.

It's when you start making fabulous amounts of money, and can park it in all sorts of shelters, whether that's straightforward things like real estate or, as HN commenters point out every time this comes up, by not ever even earning income or investment gains and so you can drive your tax towards zero (by doing things like taking out loans against your assets for money to live on).

I'm not sure what the answer is, but a North Star, in my mind, would be that as you have more you pay more, a truly progressive scheme, because every additional dollar you earn (through income or investment gains, realized or unrealized), as you get richer, actually is less critical to your livelihood. Who am I to say that? I'm not talking about some nebulous concept. I'm saying that if you make $1 million dollars per year, in total, a dollar extra matters less to you than it does to someone making $100,000 so I'm purely speaking on a relative basis (cue someone saying "how do you know it matters less? That person could live in a HCOL location, or have 12 kids or..." Hopefully we can avoid that because it misses the point; those things are choices people make. How much you're taxed is not a choice for the most part though can be to some extent (move from a high-tax state to a low one, etc.).

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1. mitthrowaway2 ◴[] No.44415682[source]
There's actually a mathematical proof that the more dollars you have, the lower the utility of the marginal dollar; utility has to fall at least logarithmically or else you fall victim to the St. Petersburg paradox.
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2. harmmonica ◴[] No.44416092[source]
I'm glad to hear you say there's mathematical proof. I guess the sad thing is that if someone disagreed with the sentiment and then you told them there's mathematical proof that same person may be inclined to disagree with the math as well. I'm going to look up St. Pete's paradox now because never heard of that before. These are exactly the types of things I like to learn about on HN to reinforce (in this case) or rebut my takes so thanks for replying.