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Memories of the 28th Century

Miscellaneous thoughts about miscellaneous matters

  1. Financial Equality

    by , 11-11-2019 at 09:15 PM (Memories of the 28th Century)
    Recently the idea of taxing billionaires out of existence was brought up by Elizabeth Warren as part of her run for president. She wants to use the proceeds from this tax to fund her idea of Medicare for everyone, so she thinks that a tax that discriminates against some people is a good idea, even though it would be a statutory taking and a violation of due process. Such ideas have come up in the past, but the basic problem with it still is that removing the incentive to be successful will stop ...

    Updated 11-17-2019 at 07:01 PM by PeterL