Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (69739)	5/3/2018 6:38:45 PM
From: Lane3	Respond to of 356544

As you've pointed out previously, I tend to think like an engineer trying to solve actual problems. Having considered it further, I think that what you suggested is unnecessarily complicated. I also think that, if we're going to do the social democracy thing, that benefits should be universal. For this, as I have stated for guaranteed minimum income, I would prefer that benefits not be means tested but rather that everyone gets the benefits and the program is paid for indirectly by a more progressive tax structure. That gets more revenue from the better off without the complications. We already have a mechanism for that. As for taxing wealth, I think we'll have to get there... If we're going to do it, I would prefer simpler ways that starting with a "reasonable lifestyle" and trying to figure out what the factors are. We can just start with which assets would best serve the purpose and tax them.