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Re: Truss backs down on cut to top rate of tax

By: Cactus Flower in ALEA | Recommend this post (0)
Tue, 04 Oct 22 10:13 AM | 35 view(s)
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Msg. 47347 of 54864
(This msg. is a reply to 47321 by Cactus Flower)

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One day, I expect my dogma of focussing on the middle of the income curve will be the norm.

But politics so often is prejudiced either towards the very wealthy or the least. One set of ideas generates gross inequality. The other intends equality but never achieves it.

But there are other ideals in between those two. Yes to wealth incentives. Yes to protections for the vulnerable. I can encompass both without feeling hypocritical.

What my sort of politician seeks is the balance which secures the most happiness, knowing also that the most that wealth can contribute to happiness is to remove the fear of not surviving. If you achieve that goal as a society, I see no need for a government to interfere. By all means, try to make yourself relatively rich if you think great wealth is where happiness lies. But it isn't the only way. Nor do many philosophers think it is the most successful method.

The desirable income curve for me is flat at the bottom, then gently curves upwards at the top. No grinding poverty. Little or no wealth concentration. But plenty of successful, wealthy people.


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The above is a reply to the following message:
Re: Truss backs down on cut to top rate of tax
By: Cactus Flower
in ALEA
Mon, 03 Oct 22 11:19 AM
Msg. 47321 of 54864

There's the silver lining.

The cloud is that they reverted to 1980s dogma. We already know how that plays out. The growth is less than it says on the tin. Meanwhile wealthy people get expanded offshore bank accounts and fancier yachts made in some foreign country, while the rest of the country is left paying off the debt for a generation.

I don't think you get much back from the top slice of income earners. Your growth is going to come from people in the middle of the income curve, who may take a risk and launch their own business if they have a little more in the bank. That's my dogma, if you will and it's why I argue my case.


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