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View Diary: Warren Buffett's latest op-ed will bring mutters of 'class traitor.' But he doesn't go far enough (117 comments)

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  •  "Fairness" vs. a functioning democracy (0+ / 0-)

    This was debated rather extensively over the last couple of days in my thread entitled "Taxing the rich: it's not about 'fairness'"

    My original point was that arguing for "fair" taxation is a loser because it's basically impossible to define.

    A more powerful justification for higher taxes on the wealthy is simply that excessive wealth concentration is inherently bad for democracy, and it imposes costs (externalities) on the rest of us that need to be redressed.

    What is valued is practiced. What is not valued is not practiced. -- Plato

    by RobLewis on Tue Nov 27, 2012 at 11:03:28 AM PST

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