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doctorpangloss • yesterday at 5:08 PM • 1 reply • view on HN

which government lever can increase the wealth of the lower 80% of income earners in the way you want? the problem with the kind of progressive taxation to fuel "wealth redistribution" (really, job programs) you're imagining is that government spending is inefficient - do we want to pay the prices it costs to convince people to do backbreaking work building ghost cities and bridges to nowhere, it's not like in China where everything is driven by fakery and coercion. compare that to the seemingly unlimited cushy office bullshit jobs that bloat in the private sector creates.


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Infinity315 • yesterday at 5:43 PM

Just because I am anti-propping-up-the-stock-market does not mean I am a communist. I am a liberal who believes in capital markets.

For the 10%, the stock market crashing just means cutting back on primarily discretionary spend - think no new car and maybe not buying the family new iPhones every year - they're not in any danger of going hungry, especially if they have any sense.

There are plenty of arguments to be made for infrastructure projects, for example, why not build out more power generation and transmission?

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