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this post was submitted on 21 Mar 2024
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How would you implement your progressive tax system without centralized control?
Centralized control over whom?
Socialism controls the means of production, which means (in theory) it has a direct affect on every shop, every worker. Any errors, mistakes, or corruption in the system that causes harm will impact our entire society.
A punitive cap on wealth at $1 billion directly affects only 756 people in the US. If we progressively apply a securities tax above $16.7 million, it directly affects a maximum of 1% of the population. Any errors, mistakes, or corruption in that system affects only a very small segment of society, and only that segment most able to mitigate the damage of such harm.
I'm less concerned with the harms that come with centralized control when those harms only affect the most privileged among us.