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Non-Tech : Kirk's Market Thoughts
COHR 194.39+4.7%11:20 AM EST
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To: Kirk © who wrote (12250)10/26/2021 5:28:06 PM
From: Sun Tzu1 Recommendation

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Kirk ©

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Inequality in the US is not because the tax system is unfair. The top 9.5% that are below the top 0.5% pay much more in taxes than what they use. Inequality in the US is due to the systematic corruption of the legislative branch. The rules of the game are set so that once you achieve a certain terminal velocity, you will just get exponentially richer because you can pay someone to change the rules to your liking.

Taxes are in the bottom half of the list of things that need to be fixed. To fix the system at its roots, the rules of the game, the wealth transfer methods, and the spending has to change. Taxes come after those.

But the fundamental problem is that the people in charge have a vested interest in the system being as it is.

The debate over the taxes sort of reminds me of the vietnam war portrayal of the "Doves" and the "Hawks". To hear it in the media, the doves said we should cut our losses and leave while the hawks said if we persevere we'll win. Missing from that "debate" was that the war was immoral. The Vietnamese should have had the right to choose their government regardless of whether or not the US liked it. I don't want to turn this into a debate about the Vietnam war. I am drawing a parallel in the way that the debate on taxes is formulated.

Taxes raised by one administration can easily be reduced by another. Changing the system is much harder but longer lasting work. And that is why you don't see anyone talking about that.
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