Unlike any other organisation of its size, government is never held liable for efficiency, nobody ever questions government for "return on investment", even though it's the largest one all of us make.
What this article is suggesting is largely suicidal, taking cash from a far more efficient business community government by "laws" of competition, evolution of markets etc, the impact here would be catastrophic at best, I really don't think you can debate this in the space of one article.
My number one would be move all government money on blockchain, and make that public, then see if it's really so smart to "give them more", through any means.
Inequality has always been a constant throughout human history, and it's far better now than in the middle ages, where we are all entitled to education, healthcare, and have extremely fast access to information.
I'm not suggesting there isn't a problem, but you haven't found a solution. "Tax the rich" is something everyone can scream off the top of their lungs, until it comes to bite them hard the next day when their pay must be cut to keep the company they work for profitable.
Step 1 would be removing the biggest inefficiency of capital allocation in most of these "high growth" western economies, measure and publicise return on investment of public funds, and proceed to realise raising tax "just like that" is a very very bad idea.
What this article is suggesting is largely suicidal, taking cash from a far more efficient business community government by "laws" of competition, evolution of markets etc, the impact here would be catastrophic at best, I really don't think you can debate this in the space of one article.
My number one would be move all government money on blockchain, and make that public, then see if it's really so smart to "give them more", through any means.
Inequality has always been a constant throughout human history, and it's far better now than in the middle ages, where we are all entitled to education, healthcare, and have extremely fast access to information.
I'm not suggesting there isn't a problem, but you haven't found a solution. "Tax the rich" is something everyone can scream off the top of their lungs, until it comes to bite them hard the next day when their pay must be cut to keep the company they work for profitable.
Step 1 would be removing the biggest inefficiency of capital allocation in most of these "high growth" western economies, measure and publicise return on investment of public funds, and proceed to realise raising tax "just like that" is a very very bad idea.