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richardhutnik on 28 November 2011
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Kasz216 said:

By the way, these people sort of miss why the rich keep getting richer.

It actually has about nothing to do with Capital Gains tax or the rich not paying more taxes.

I mean, look to New Zealand. Whose countries Gini Coefficient has stayed remarkably stable.

They have NO capital gains tax and their income tax brackets are less progressive then the US ones.

A LOT less progressive when you factor in the 15% VAT.

What do you think happens when you have the following?

* High Gini Coefficient.

* Reduce government social services, like no universal health care.

* A society where there is a large degree of consumer debt held, and is driven by consumerism and pursuing getting rich, and thinking the poor are merely lazy?

 

Do you think such a society isn't going to have problems?

Now look at New Zealand:
http://en.wikipedia.org/wiki/Social_welfare_in_New_Zealand

It has government run health care:
http://en.wikipedia.org/wiki/Health_care_in_New_Zealand

 

Again, what kind of society do you think there will be if the idea of emergency room is health insurance ends up being the norm?


And the USA has a larger Gini Coefficient than New Zealand, so not sure why bringing up New Zealand is a good example.  Try to look to countries who have a larger Gini Coefficient and see if it is good to become more like them.