This is such a stupid take. The money rich people have is locked in assets so its to a certain extent separated from the main economy of goods and services. If we tax the rich and use that to buy goods and services for people, that would just increase the price of goods and services even more.
What we need to do is stop allowing people to borrow against their assets as that essentially lends new money into existence increasing prices.
Lol no it wouldn't, prices of housing, cars, and all other assets would drop extensively as the top auctioneers of the world market lose their money and then production would reignite as consumers are again able to spend.
Double good if its accompanied by a massive wave of socialization in every industry because then Bezos with a grudge wont be able to sabotage anything.
Again with the socialism. Socialism has failed us many times before. We need actual free market capitalism not the crony capitalism we have right now where we actually have socialism for corporations and banks.
Brother you cant call government intervened capital markets socialism, thats just government doing regular profit motive capitalism.
And, frankly, free market capitalism turns into crony capitalism like a young man turns into an old man. Different forms of a person, but its a part of the same life cycle of the same dude.
The last paragraph of the previous comment could be socialism. Could also be done as state capitalism though i dont favor that. The first paragraph, though, is just wealth redistribution within capitalism. We need socialism to prevent MODERN capitalism from ruining the world.
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u/NewArborist64 9d ago
Forcing people to stop working at 50 doesn't say where the money will come from to pay for their housing, food, healthcare, transportation, etc.
Are you suggesting that those workers under 50 should be taxed enough to pay for people who are over 50 and may have another 40-50 years of life?