More Effective Remedies for Inequality


Naked Capitalism has the post More Effective Remedies for Inequality.

The following is Yves Smith’s comment on the post:

We had a more equitable society when unions were stronger, taxes were more progressive, and anti-trust laws were enforced. This post by Geoff Davi[e]s serves as a reminder that there are remedies other than progressive taxation (which he regards as an after-the-fact remedy) to achieve that end.

I’ll just give you a list of topics in the post by Geoff Davies, author of Sack The Economists.  In the post he only says a paragraph or two about each topic.

  • Financial market speculation
  • Capturing emergent community wealth
  • Interest charged on new money
  • Access to loans
  • The ownership escalator
  • Corporate welfare

This article is a great way to open our minds to many possible solutions beyond just thinking about income taxes.

 

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.