This is similar to the claim that seizing Microsoft's vast profits still wouldn't make up for the even more vast economic damage their monopoly has done to the economy
And it's correct. But the answer isn't a shrug, it's coming up with a plan to ensure that there are no giant rent seeking monoliths distorting the economy and paying off politicians to get a slap on the wrist every time they illegally extend their power.
palata · 3h ago
> But is it really that easy?
It's never that easy, obviously. But just like private planes only account marginally to the CO2 emissions, it's all about the example. If we want to ask the middle class to contribute more, we can't let the ultra rich do whatever the fuck they want.
anovikov · 3h ago
I think panic is unjustified. A lot of the deficit is essentially a baked in inflation of the already existing debt. If US budget deficit was 6.4% in 2024 and debt to GDP ratio was 124%, inflation 2.9% and GDP growth 2.8%, the budget deficit actually meant a decrease, not growth, of debt to GDP ratio. And some slight increase of debt to GDP ratio is normal because of population ageing: that debt is boomers' pensions funded by everyone else.
Just normalise it, it's not a problem at all.
MangoToupe · 3h ago
Seems like a blatant strawman. Just because a single action doesn't solve every imaginable problem doesn't mean it's not worth doing.
And it's correct. But the answer isn't a shrug, it's coming up with a plan to ensure that there are no giant rent seeking monoliths distorting the economy and paying off politicians to get a slap on the wrist every time they illegally extend their power.
It's never that easy, obviously. But just like private planes only account marginally to the CO2 emissions, it's all about the example. If we want to ask the middle class to contribute more, we can't let the ultra rich do whatever the fuck they want.
Just normalise it, it's not a problem at all.