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dhc710 t1_ixi0vh4 wrote

I stopped reading this when the guest summed up the swath of proposed economic solutions from "the left" as "wealth redistribution". This whole article reads like a Rogan/Peterson conversation.

Its not that the rich suddenly and unexplainably got richer since the 60s, and now the looney left wants to tax them.

The corporate tax was orders of magnitude higher before then, we stopped taxing them. The last few decades have all been a failed experiment in trickle-down economics.

Reset the corporate tax back to where it was (along with a sensible estate tax, a windfall profits tax, and a carbon tax) and use the money on social programs (housing vouchers, addiction services, M4A, mental health, etc), public infrastructure, and government-run replacements for working class employers that found it cheaper to move their operations to China.

This isn't as philosophical as these eggheads are making it out to be. And no one but an isolated minority is seriously proposing UBI. The right needs to stop thinking that Nancy Pelosi is speaking for the left.

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PaxNova t1_ixi4buy wrote

As long as we have a progressive taxation system, the solution you described is literally wealth redistribution, taking wealth from one source and putting it in another. It's a valuable function of government for maintaining a healthy economy. The question is by how much.

> The right needs to stop thinking that Nancy Pelosi is speaking for the left.

Isn't she House Minority Leader of the largest left party? Or at least, the leftmost large party? I feel like that's a reasonable assumption.

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dhc710 t1_ixi7fyf wrote

The guest in the article makes it sound like the Democrats are all just desperately trying to institute UBI which, besides being not true, would be a far more direct form of wealth redistribution than what I described.

Talk to any Progressive Bernie/AOC fan, there's plenty of Pelosi haters on the left lol

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