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Ezra Klein 31. lis
To "elevate the dialogue" a bit, I'm struck in this Cooperman-Warren letter, as I am so often in these dust-ups, by how much what billionaires respond to isn't the details of tax policy, but the respect their labor is given.
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Ezra Klein 31. lis
Odgovor korisniku/ci @ezraklein
You read that and it's pretty clear Cooperman would pay higher taxes, but he wants to be thanked and recognized for contributing the fruits of his labor, not told more is owed from him.
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Ezra Klein 31. lis
Odgovor korisniku/ci @ezraklein
Which makes sense. These guys are post-economic. The money has long ago stopped buying things. It's a marker, for them, of worth and accomplishment. To take that away is what hurts, and what they don't like about Warren is she refuses to genuflect.
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Ezra Klein
I think it's who's said the policy equilibrium here marries much higher taxes on the rich with more compliments.
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Kindly Wizard 31. lis
Odgovor korisniku/ci @ezraklein
You should read Anand Giridharadas's Winners Take All, if you haven't.
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Anand Giridharadas 31. lis
Odgovor korisniku/ci @KindlyWizard @ezraklein
Not only did he read it. He did one of the smartest podcast discussions of it ever.
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Mark Schmitt 31. lis
Odgovor korisniku/ci @ezraklein @KelseyTuoc
This is why I've suggested, half-sarcastically, that we just make "billionaire" a title, like Viscount or Baron. Reduce their wealth to the mere $100s of millions, but let them keep the title as a gesture of respect.
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Nancy Minter 31. lis
Odgovor korisniku/ci @ezraklein @KelseyTuoc
The problem is they believe their own marketing. They think that because they worked hard, they did it on their own. But no one does it alone. They need a reality adjustment, there have already been too many compliments.
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DOD 31. lis
Odgovor korisniku/ci @ezraklein @KelseyTuoc
i guess we have to bring back landed titles, that you get for paying a certain amount in taxes to reduce inequality, we must... create an aristocracy
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Dan Miller 31. lis
Odgovor korisniku/ci @ezraklein @KelseyTuoc
We've complimented them an awful lot over the past few decades, and it sure hasn't built a powerful movement capable of raising their taxes, so I don't think that's a useful equilibrium.
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Nick Beaudrot 31. lis
Odgovor korisniku/ci @ezraklein @KelseyTuoc @sethdmichaels
But the respect and the tax policy are circular. To a large extent, pro billionaire tax policy depends on the public agreeing that billionaires deserve respect.
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Seth Stephens-Davidowitz 31. lis
Odgovor korisniku/ci @ezraklein @KelseyTuoc
But Elizabeth Warren/Bernie Sanders supporters don't want to kiss the asses of billionaires -- and might have enough votes to get the higher taxes without the compliments. So a stable policy equilibrium might be higher taxes and unhappy billionaires.
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Seth Stephens-Davidowitz 31. lis
Odgovor korisniku/ci @ezraklein @KelseyTuoc
Or unhappy former billionaires, rather.
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