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

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  •  The diarist makes a case that it is in the state's (8+ / 0-)

    interest to remove extreme inequality, whether fair or not.  There are many, many reasons a nation would want to limit inequality:  economic and political stability, better outcomes in the next generation of citizens, lower social services costs, broader tax base, etc...

    These capitalists generally act harmoniously and in concert to fleece the people, and now that they have got into a quarrel with themselves, we are called upon to appropriate the people's money to settle the quarrel. Abraham Lincoln

    by Nailbanger on Sun Nov 25, 2012 at 08:44:43 PM PST

    [ Parent ]

    •  Not to mention the preservation of democracy (2+ / 0-)
      Recommended by:
      wbr, Nailbanger

      Which is the very foundation of this country, and SHOULD be the number one test of all public policy and laws enacted in the US.  

      We got rid of the existing English aristocracy with our original revolution, but aristocracies (wealth bubbles) always re-form eventually.

      The worst "externality" of unchecked wealth accumulation is the "pollution" of democracy.  And our society needs to be protected from extreme wealth/power divergences, because it is un-American.

      If we are dedicated to the proposition that all men are created equal, then we need to make sure our laws and public policy support individual equality (at least politically).

      Wealth divergences in this country are the result of laws and state activity (the state prints money, writes tax law, protects "capital" and "banking," and aggressively enforces the abstract concept of "private property," for instance).  

      None of these abstract entities, OR the super rich which inevitably flow from those policies, could exist without a government fostering and supporting them.  

      If we want to live in a genuine democracy, we need the state to foster and enforce democracy at least as much as it does the other modern social abstractions.  

      Like private property or capital, Democracy simply does not exist without broad social, and ultimately, government enforcement.  

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