General Discussion
In reply to the discussion: We must do away with the absolutely specious notion that everybody has to earn a living. [View all]gratuitous
(82,849 posts)We spend slightly more than $2 billion a day on weapons and bases and other paraphernalia we don't need for enemies who don't exist, warehousing same, and guarding those warehouses from no one. Raise the capital gains tax rate from 15% to 22%. Tax the earnings of the robber baron big money boyz as ordinary income instead of as capital gains. We go a long way toward paying for it.
And, if people didn't have to face the prospect of destitution or death for failure, any number of folks might decide to strike out on their own and see if their million dollar idea might actually pan out. As it is, thousands (possibly far more) of people are locked into low-wage jobs, too scared of losing it all if they took a chance on an entrepreneurial plan. Provide a meaningful safety net that keeps them housed, clothed and fed, and who knows what somebody might come up with?