| mrstickball said: So then, the obvious and only answer is higher taxes on the wealthy, right? That is my problem with the article. It only throws a few ideas around about how the rich are getting richer, and how they are ripping off the average person. The only way to fix this, from what I can gather in the article provides, is taxation. So I must ask you: Is taxation the only way to solve our problems? Personally, I don't believe that re-distributing incomes and wealth is going to make America any better. Our real problem has to do with economic mobility - going from poverty or middle class to upper class. We see that jobs typically correlate with the degree of education one has - not just degrees, but the general quotient of the populace. Furthermore, if you look at the increasing living standards of the recently-developed countries, you don't find that their ascention was due to taxing the rich, but through providing a system to where people could achieve financial results for themselves through fair regulations, a good education system, and a tax system that wasn't burdensome. For example, look at Chile and South Korea - both have come out of 2nd-world economic wastes into great economies in a matter of just a few decades. Education, I fear, is where America, quite franky, sucks. And a larger tax burden does litterally nothing to fix that. Our problems lie more with the problems of our education system, and how we raise Americans, than it does with how much we tax people. The rest of the world is getting smarter, while we have stagnated for decades now. That results in an uneducated, lazy, populace that can do no better than menial jobs, with lower productivity. |
I'm from the UK so I don't know all the ins and outs of American politics and law, but I agree that taxing the super-rich never seems to work. They always find loopholes or just move to tax havens.
However, thinking long-term I don't think it's only education that needs to be looked at. In the UK for instance, lots of people are well educated, but there just aren't enough jobs for them and there is nearly always someone with more experience competing for those same jobs.
If more effort went into supporting smaller businesses and start-ups then social mobility should theoretically increase for everyone. Giving tax breaks to start-ups, having extra funds for small bussinesses (especially those that will require a decent labor force) should help to create more jobs and entrepreneurs which means larger amounts of money through tax. The US might already have systems in place but but greater emphasis whould lead to more social mobility in the future.










