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View Diary: Taxing the rich: it's not about "fairness" (182 comments)

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  •  Yes, indeed. The specific mechanism (4+ / 0-)

    by which income/wealth distortions and regressive tax structures damage society is simple:

    Long-term social investments are discouraged.

    The very rich do not need it. Investments in the society, itself, are not on their plate.  

    They do not need good public schools. They do not care much about public health. They only care about military preparedness if they own stock in the contracting companies. Thet don't care much about police and fire -- not big risks for them.

    They care about their own money.

    Having very, very, very rich people and lots of very poor people fxcks up any society.

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