The Redistributionist Agenda and Stakeholder Capitalism

Tide1986 · Nov 20, 2017

I found this to be quite a thoughtful column on the limits of redistribution and of companies only focusing on shareholder value. Lots of common ground for discussion instead of the reflexive Democrat/Republican bad.

https://democracyjournal.org/magazine/46/post-redistribution-liberalism/

pcfixup · Nov 20, 2017

Here is an idea I propose

https://www.cardin.senate.gov/pct

Now I would not spend any $ from this except to

reduce deficit or
lower income taxes for lower wage earners

CaliforniaTide · Nov 20, 2017

pcfixup said:
Here is an idea I propose

https://www.cardin.senate.gov/pct

Now I would not spend any $ from this except to

reduce deficit or

lower income taxes for lower wage earners

I would be interested in a federal sales tax, or a consumption tax, and eliminating a lot of the other taxes at the same time.

Bamaro · Nov 20, 2017

You can reform the tax laws all you want but until you reform the spending, we will still have deficits so none of it will really matter. You're just rearranging the deck chairs on the Titanic.

Tide1986 · Nov 20, 2017

CaliforniaTide said:
I would be interested in a federal sales tax, or a consumption tax, and eliminating a lot of the other taxes at the same time.

I will note that his PCT article and the VAT discussion in the article that I linked both assume that income taxes remain in place for those who already pay the bulk of all income taxes...probably anyone making $100K or higher...so the middle class would likely be hit pretty hard.

Tide1986 · Nov 20, 2017

Bamaro said:
You can reform the tax laws all you want but until you reform the spending, we will still have deficits so none of it will really matter. You're just rearranging the deck chairs on the Titanic.

In the column I linked, I found the discussion of stakeholder capitalism quite interesting, which might reduce the need for some spending. The idea is to reform the tax code in a way that incentivizes companies to think beyond maximizing shareholder return.

Displaced Bama Fan · Nov 20, 2017

I'll read it when I'm finished with all these consumption tax returns that are due today.

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