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300 points pseudolus | 1 comments | | HN request time: 0s | 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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127 ◴[] No.44411377[source]
...in America. There are countries that actually fight the oligarchs and tax them until the wealth inequality becomes lesser.

Of course there's no silver bullet and high progressive taxes for the mega-wealthy do have other negative effects. Like people being less motivated to strive. Less capital to invest and less competitive companies born.

But billionaires paying less taxes than the guy sweeping floors at the local mall is absurd. Once you reach a certain threshold of wealth, your taxes actually start going down.

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ponector ◴[] No.44411485[source]
There is actually no sense to put high taxes on ultra wealthy people. They have all means to avoid payment of income/profit taxes at all, no matter of the current tax rate.

That's why poor people pay the highest percentage of their income: they have no choice, no ways to do tax evasion.

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badpun ◴[] No.44412337[source]
You’re essentially saying that rich people are above the law. If that’s the case, we should fix that first.
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adammarples ◴[] No.44413300[source]
They're not above the law, but they have the choice of which legal jurisdiction they reside in.
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simonask ◴[] No.44413671{4}[source]
And so we arrive at the old insight that the fight against inequality needs to be global.

But I think you underestimate the possibilities. You can just design the law to make taxation a prerequisite for doing business. That's what the EU is (trying to) do, and it seems to work well.

Doing business in the EU and the US is a lot more profitable than not doing business there, even if you pay taxes. That's kind of the point.

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Workaccount2 ◴[] No.44415752{5}[source]
If people don't want billionaires, they should quit their addiction to billionaires products.

"I hate Jeff Bezos, by I'll be damned if I have to give up same day delivery $6 Chinese mugs. The local made ones are $40!"

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1. vunderba ◴[] No.44416321{6}[source]
I'd go a step further and say that (particularly if you are in the IT industry) and are also ideologically opposed to megacorps like Facebook, Amazon, etc. that you should deny them the power of your labor.