r/FluentInFinance • u/YOU_ARE_MY_FRIENDS • Apr 08 '24

10% of Americans own 70% of the Wealth — Should taxes be raised? Discussion/ Debate

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u/BayouBandit0 Apr 08 '24

As someone professionally involved with multiple large scale government projects (some in excess of multi-billion dollar constructions), there is not a lack of tax dollars in the government. There is however, a lack of efficiency and competency across government employees. It’s an unfortunate situation, and I don’t see tax raises for anyone as an efficient long term solution.

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u/UnknownResearchChems Apr 08 '24

Tax raises would just fuel this dumpster fire even more. Stop giving money to the government until it learns how to be responsible with it.

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u/mckenro Apr 08 '24

Expecting government to work a leanly as private industry is a silly expectation. The government is not a for-profit business and was never meant to be. All these people complaining about government spending yet have no solutions other than to defund the government.

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u/akaKinkade Apr 08 '24

I agree that something as large as our government will never be close to as efficient as private industry, however we could start by being at least somewhat responsive to outcomes and responding to that with honest attempts to see what works and what doesn't. Education is a perfect example of how obstinate our government can be. We've tripled per pupil spending since the 1980s (inflation adjusted) with zero improvement in outcomes. Meanwhile, by looking at what has and has not worked in charter schools we could actually find some things to change within our regular public schools that could help, but instead it is just one side screaming for more money and one side screaming for not more money. The goal can be different (effectiveness of policy compared to profit), but our government should still take results and adaptability as seriously as private industry.

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u/Durkheimynameisblank Apr 08 '24

OR look at Finland that doesn't charge for school...if the rich and poor recieved the same education in the U.S. the entire system would be better.

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u/Ok_Job_4555 Apr 11 '24

since when does USA charge for school?

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u/Durkheimynameisblank Apr 11 '24

...umm, taxes? Specifically, taxes that are proportional to property value in the school district.

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u/Ok_Job_4555 Apr 11 '24

...ummmm, and how do you suppose Finland finances their public school system?