by Summary:
To reduce economic inequality, we often hear the mantra of "trickle-down economics." This idea suggests that if we let the wealthy keep more of their money, they will invest it, creating jobs for everyone else. But this belief is fundamentally flawed. Studies show that wealth concentration leads to economic stagnation. When the rich hoard their wealth, it doesn't magically trickle down. Instead, it creates a desert of opportunity for the rest. The real solution lies in progressive taxation. By taxing the wealthy more, we can fund essential services that benefit everyone. This isn't just fair; it's practical. Countries with progressive tax systems, like the Scandinavian nations, enjoy lower inequality and higher overall happiness. Next, consider public investment in
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
To reduce economic inequality, we often hear the mantra of "trickle-down economics." This idea suggests that if we let the wealthy keep more of their money, they will invest it, creating jobs for everyone else. But this belief is fundamentally flawed. Studies show that wealth concentration leads to economic stagnation. When the rich hoard their wealth, it doesn't magically trickle down. Instead, it creates a desert of opportunity for the rest. The real solution lies in progressive taxation. By taxing the wealthy more, we can fund essential services that benefit everyone. This isn't just fair; it's practical. Countries with progressive tax systems, like the Scandinavian nations, enjoy lower inequality and higher overall happiness. Next, consider public investment in
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
Mike Norman writes Xu Gao’s case for stimulus—Chief Economist of Bank of China International tears apart the opposition — Yuxuan JIA and BU, Xiaoqing
Michael Hudson writes Debunking U.S. Bankruptcy Myths
Mike Norman writes Wholesale Payments Systems and Bank Reserves — Brian Romanchuk
Mike Norman writes The Myth That the US is Rapidly Approaching Bankruptcy — Michael Hudson
| To reduce economic inequality, we often hear the mantra of "trickle-down economics." This idea suggests that if we let the wealthy keep more of their money, they will invest it, creating jobs for everyone else. But this belief is fundamentally flawed. Studies show that wealth concentration leads to economic stagnation. When the rich hoard their wealth, it doesn't magically trickle down. Instead, it creates a desert of opportunity for the rest. The real solution lies in progressive taxation. By taxing the wealthy more, we can fund essential services that benefit everyone. This isn't just fair; it's practical. Countries with progressive tax systems, like the Scandinavian nations, enjoy lower inequality and higher overall happiness. Next, consider public investment in education. Many believe education is a personal responsibility. But this view ignores the societal benefits of an educated populace. Investing in education leads to a more skilled workforce. This, in turn, drives innovation and economic growth. Lastly, we must strengthen social safety nets. Some argue that these programs encourage laziness. In reality, they provide a safety net that allows people to take risks. When individuals know they won't fall into poverty, they are more likely to start businesses or pursue education. Ignoring these steps deepens the divide. It’s not just about fairness; it’s about creating a thriving economy that works for everyone. If we fail to act, we risk a future where inequality stifles growth and opportunity for all. |
So tax people more…By a gov't that can't take accountability for itself…For the public's own safety…
How about no?
And carry on asset stripping the workers.
Pensions and no investment by the state screws people.
Put all of NI into a fund owned by the workers individually.
Publish the debts in full
Send people a statement with their share of the debts
You know, the debts you won't even admit to existing.
Dr. Steve there is a young economist called Gary Stevenson i really want to see you with him in a discussion. I think gold will come out of it. Pls check him out. I m a fan boy of both of u 😅
Very well said. From an MMT perspective government should also be spending more on increasing productive capacity.
Increase tax on the wealthy because excessive wealth leads to excessive corruption😊