this post was submitted on 13 Aug 2026
788 points (99.0% liked)

Work Reform

17232 readers
290 users here now

A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

Our Philosophies:

Our Goals

founded 3 years ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] 5318008@lemmy.ml 1 points 21 hours ago* (last edited 21 hours ago)

A progressive wealth tax has benefits as well. I just think there's value in pointing out the impact that such a small percentage has. Implementing even a fraction of a percentage would make a serious impact; we don't need to go whole hog right here, right now.

My ideal starting point for a progressive wealth tax would max out at 2%, because that's within a standard deviation of annual S&P growth.

I understand the perspective that the extreme wealth taxes wouldn't change the quality of life of the ultra-rich... but do you know what the long term impact on the economy would be?

I don't. And I study this kind of thing. This is not the kind of system that responds well to massive, overnight changes. Most Americans get their food by buying it... if we fuck up, and the economy irretrievably crumbles without a backup, people will starve.

As desperate as people may be for radical change, it is worth it to make these proposals in a responsible way, and ensure that we're not doing more harm than good.