badgenome on 15 August 2012
| binary solo said: I favour a (downwards) redistributive taxation and welfare system because, like cream, money always floats to the top in our economic system. So trickle down can't ever work with the current economic paradigm where wealth accumulation is a virtue, THE virtue. |
I think that's a wrong way of looking at it. Income inequality offends some people's sense of fairness but is basically irrelevant as no one is doing worse because someone else did better. Economic growth is far more important. The standard of living for poor people is unbelievably high compared to what it was 50 years ago, because a rising (economic and technological) tide did indeed lift all boats.
