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submitted 1 year ago by RandAlThor@lemmy.ca to c/finance@beehaw.org
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[-] Overzeetop@beehaw.org 2 points 1 year ago

countries that raise taxes on the rich

That's Europe, right? The countries with universal healthcare, reasonably maintained infrastructure, and generally high standards of living? I don't know, I don't think it would work in the US. Too much Freedomâ„¢ here to overcome.

[-] frog@beehaw.org 1 points 1 year ago

Even a lot of European countries don't tax the wealthy as much as they could/should! The public services and infrastructure tend to be funded by a higher tax burden on the lower and middle classes, combined with borrowing (for example, France). And the UK is absolutely terrified that all the rich people would leave if they had to pay their fair share. Given their rentier capitalism contributes virtually nothing to productivity or public services, I think we should call their bluff.

this post was submitted on 30 Aug 2023
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