A Liberal Says Not To Worry About Inequality

[vt]

Re: A Liberal Says Not To Worry About Inequality

Just in time for the debate!

[LazyBoy]

Re: A Liberal Says Not To Worry About Inequality

It's interesting that you bring up the Giving Pledge. I've been thinking about this recently and find it suspicious that all of the money is going to be given to an organization. Who is going to be running the organization and how will the money be spent?

It's also just a pledge for the future. I'd be much more impressed if they did something good with half their wealth today. Why do we need to wait 30+ years? Not enough things to fix yet?

How impressed would you be if a non-billionaire told you at a dinner party: "Well, I don't give to charities, but when I die...lookout! Then, you'll see how generous I am."

Yes, some of them are doing good things now. I'm just talking about the Pledge.

[vt]

Re: A Liberal Says Not To Worry About Inequality

They are making some current donations too:

http://www.forbes.com/sites/howardhu...the-self-made/

[santafe2]

Re: A Liberal Says Not To Worry About Inequality

Are you in favor of redistribution? Do we confiscate the wealth of anyone we consider wealthy? What happens we run out of the money we've taken from the rich?

A good starting point would be to make corporations and the massively wealthy pay taxes commensurate with taxes paid by everyone else. It's a simple place to start, everything you earn over $400+k, is taxed at 39.4% plus your state income tax. I find it interesting that you can't wrap your head around the idea that redistribution has been going on since 1980 but it's the poor giving to the rich in the US.