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Showing posts with the label "Warren Buffet"
Summary: An argument for better taxation to reduce inequality. A couple of arguments refuting myths. However, there is no word about exploitation, the real source of inequality, which is also, paradoxically, the source of human advance. The argument that huge inequality is a consequence of bad taxation is a myth that the author reiterates. Inequality already takes place and is reproduced through property ownership and during the relations of production, i.e. before taxation itself. Consent and acquiescence play a role in accepting inequality. Agreed. And that is the power of ideology to legitimate inequality and gloss over exploitation. "The idea that rising inequality is inevitable begins to look like a convenient myth, one that allows us to avoid thinking about another possibility: that through our electoral choices and decisions in daily life we have supported rising inequality, or at least acquiesced in it. Admittedly, that assumes we know about it. Surveys in the UK an...