RE: Bill Gate's Solution to Income Inequality
November 10, 2014 at 10:35 pm
(This post was last modified: November 10, 2014 at 10:42 pm by Heywood.)
(November 10, 2014 at 10:20 pm)Chad32 Wrote:(November 10, 2014 at 9:59 pm)Minimalist Wrote: More bullshit from the Upper 1%
Fuck you, Woodie. Go back to sucking Koch Kock.
I caught on to that too. Poor people don't save much, if anything. They can't. So they use almost all, or all, their money to consume.
If the exemption is greater than their income....the poor pay no tax whatsoever. Poor people would be hit disproportionately by say a national sales tax....but this isn't that.
(November 10, 2014 at 10:29 pm)whateverist Wrote: Yeah this wouldn't help with income inequality. It would just further exploit those who have and make less. They can't afford to save. They're living paycheck to paycheck, just barely scraping by. To reward those who can afford to save more just widens the gap, a fact that I can't believe escaped Gates' notice.
Gates takes the position that income inequality isn't what we should be concerning ourselves with.
I agree with him. I have often said we should be looking at inequality in standard of living(what he calls consumption inequality) and inequality in income really doesn't tell us anything.
