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Global Inequality and the Middle Class
A World Inequality Report warns that a tiny global elite controls an outsized share of wealth and pays proportionately very little in taxes compared with ordinary professionals.

Fewer than 60,000 of the world’s richest people, about 0.001% of the population control more wealth than the bottom half of the world’s people combined.

In contrast, middle-class workers such as doctors, teachers, engineers pay a higher share of their income in taxes than many billionaires whose wealth comes from capital and offshore structures.

How can the government ensure that the ultra rich pay their taxes?
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Showing 1-10 of 10 comments
Withhold something until they do?
Originally posted by TheSteaksHaveNeverBeenHigher:
Withhold something until they do?

That's impossible.

They have tax havens and they can relocate anywhere.
Come out with a 60% Flat Tax Rate for Corporate Earnings and those making more than 500k a year.

Any means to "evade" should mean Tax Evasion charges.

One piece of paper.
Last edited by xBCxRangers; 8 hours ago
And btw, i enjoy Mr Arvaos threads. They seem very mature, to the point, and enjoy his conversations.

Keep up the Good Work :steamhappy:
Sadly I don't think governments can hold them to their obligations. Inevitably in human history, the line of distinction between the elites and the government fades, and in some cases, does not exist. But it's still worth trying, because it is that effort that keeps it from devolving to aristocracy and tyranny.

And as much as I might disagree with aspects and implementation of marxist thought, he and Hegel were 100% correct that "The dominant ideology is the ideology of the dominant class". No matter how exploitative, there will always be those that defend the actions of the elites despite being the victims of their exploitation.
Originally posted by xBCxRangers:
Come out with a 60% Flat Tax Rate for Corporate Earnings and those making more than 500k a year.

One piece of paper.

Until corporate lobbying is completely banned, no career politician will bite the hands that feeds them. As you previously mentioned, the pendulum swings from one party to the next but ultimately both parties represent big business.

The powerful have always pitted groups against each other. Culture wars by design keep people looking sideways instead of up.

Wealth concentration, gutting unions, deregulation, corporate capture of politics, all of it has gradually destabilized the working and the middle classes over the last fifty years.

Originally posted by xBCxRangers:
And btw, i enjoy Mr Arvaos threads. They seem very mature, to the point, and enjoy his conversations.

Keep up the Good Work :steamhappy:

Thank you for the comment.
Originally posted by Arvaos ⚚:
Originally posted by xBCxRangers:
Come out with a 60% Flat Tax Rate for Corporate Earnings and those making more than 500k a year.

One piece of paper.

Until corporate lobbying is completely banned, no career politician will bite the hands that feeds them. As you previously mentioned, the pendulum swings from one party to the next but ultimately both parties represent big business.

The powerful have always pitted groups against each other. Culture wars by design keep people looking sideways instead of up.

Wealth concentration, gutting unions, deregulation, corporate capture of politics, all of it has gradually destabilized the working and the middle classes over the last fifty years.

Originally posted by xBCxRangers:
And btw, i enjoy Mr Arvaos threads. They seem very mature, to the point, and enjoy his conversations.

Keep up the Good Work :steamhappy:

Thank you for the comment.

Of that's def true. But this AI maelstrom and all those jobs its gonna rid in the millions, is gonna have those folks you rightfully speak of have to raise taxes to feed people.

It's not gonna matter how much they get from donors, if people at home are gonna vote them out based on poverty, not television commercials.
Originally posted by Grimble Grumble:
Sadly I don't think governments can hold them to their obligations. Inevitably in human history, the line of distinction between the elites and the government fades, and in some cases, does not exist. But it's still worth trying, because it is that effort that keeps it from devolving to aristocracy and tyranny.

And as much as I might disagree with aspects and implementation of marxist thought, he and Hegel were 100% correct that "The dominant ideology is the ideology of the dominant class". No matter how exploitative, there will always be those that defend the actions of the elites despite being the victims of their exploitation.

Power is ultimately the corrupting force, not wealth alone, not ideology, but the desire to hold on to power.

When politicians can profit from their position, when they can leverage office into personal gain, when staying in power becomes the goal, the system bends to corruption.

The donations, the lobbying access, the revolving door between government and corporate boards, the media spotlight, the status, all of it creates incentives that just override whatever they believed when they started.

Term limits should be for everyone, legislators, judges, all of them. Make power temporary by design so nobody can build a career around politics.

Deregulating power is the way. Citizen assemblies and rotating councils, basically structures where power gets distributed and nobody holds it long enough to corrupt it.

Power, even in a revolutionary party creates the exact same corruption risk. We've seen it happen. The USSR, China, every attempt to concentrate power in ends up the same way if we don't address the core issues of power.
Corporations and governments have us figured out and they have the perfect tool in social media to mold us how they want. They calculate the general public is not so bright so they feel free to expand the wealth disparity. The CEO who made $500k 50 years ago is pulling in 10 times that amount. So what is the motivation to spend years and grind your way to become a doctor or airline pilot for a couple hundred thousand per year? Money makes money. Why mess with inventories, overheads and bothersome employees when you can simply invest? Grifting is easy money on the political front.
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