Honest question: How are we supposed to maintain our civilization without some government spending?
Is climate change going to fix itself? Is our infrastructure going to modernize itself? We need to migrate to EVs and build out energy infrastructure.
What is going to happen to aging and disabled people? The current answer appears to be to have them live in the streets.
The country's 1% currently own 70% of the wealth. I think they can handle some taxation, especially when those taxes are going to be used to modernize our infrastructure.
> Honest question: How are we supposed to maintain our civilization without some government spending?
You speak as if there is currently no government spending, which is bizarre.
> The country's 1% currently own 70% of the wealth
This wealth does not exist as specie unproductively hoarded in vaults or banknotes hidden by misers so as to deprive the rest of us of food and shelter. It is lent and invested in the hope of generating value. The wealthy could spend their wealth on caviar, yachts, hookers, and blow, but instead, they make it available to those who promise to do something useful with it. Even the government itself can raise money borrowing from the wealthy. You may have heard of government bonds, or perhaps even the federal deficit.
Who will build the EVs? Who will build the houses for the homeless? Who will care for the aging and disabled? It's not just a matter of money, or printing it and giving to the poor, the gasoline-burning, the aging, the disabled would not drive up prices.
Someone has to be paid to provide these things, and housing, vehicles, medical care already account for most of our economy. Everyone with the skill and desire to care for the aging and the disabled are already doing it. Everyone with the skill and desire to build houses and cars are already doing it. We have full employment. Inflation is rampant because too many dollars chase too few resources, both people and material. If the new round of COVID stimulus had passed or BBB had passed, there would be more dollars and less investment, but not more resources.
In order to build more EVs, which EV factories should be disassembled and auctioned off for tax revenue? In order to care for more elderly, what elderly care facilities should be closed and sold to land developers? To fund more solar panels, how much do we need to tax solar panels?
Honest question: How are we supposed to maintain our civilization without some government spending?
Is climate change going to fix itself? Is our infrastructure going to modernize itself? We need to migrate to EVs and build out energy infrastructure.
What is going to happen to aging and disabled people? The current answer appears to be to have them live in the streets.
The country's 1% currently own 70% of the wealth. I think they can handle some taxation, especially when those taxes are going to be used to modernize our infrastructure.