Do you believe that economic inequality is as bad a problem in the US and gloabaly as we are led to believe, and is a wealth tax a viable solution to the problem?

like
Posting as :
works at
You are currently posting as works at

No. Absolute levels matter more. If my income increases 20% and my rich client's goes up by 40% I am better off and don't care about increased 'inequality'. This is not a zero sum game.

like

Agree with FA2. Besides it's unethical to tax someone just because they're more successful. All that will happen is it will decrease incentives to excel.

like

Yes and yes, unfortunately

like

It�s not a question of belief, it�s fact that the rich/poor disparity has grown astronomically in the last couple of decades. Haven�t you seen the elephant chart?

like

Wealth inequality is as severe as people say but it doesn't follow that it's as big of a problem as people say. The bottom 1% is way way way better off today than they were 30 years ago and probably better off than the top 5% in lots of other countries right now. A wealth tax would obviously reduce wealth inequality, but itd be flagrantly unconstitutional among other things.

like

Yes it's bad, for all you people who live in or around NYC drive out to any city that classifies as part of the rust belt and see how people live Day to day...it's not the same world we live in...appreciate what you have and find ways to give back

like

I was in college when this whole 1% vs the world thing came out and occupy Wall Street. I decided at the time yeah the occupiers are right the 1% are getting richer and richer. I also decided if you can't beat em join em. So I became an fa

like

Consumption tax is a better long term solution than wealth tax but can lead to a recession to begin with

like

Wealth inequality only grew in the US because the upside for labor was enjoyed by workers overseas. It's a function of the increased supply of labor due to the end of the Cold War, Globalization, advances in transportation and telecom / internet. You should compare capital income with change in GDP per capita in China, not labor income in the US

like

Is the middle class shrinking or was there never enough of them? Question for everyone

like

Related Posts

How diligent is Mintz background check. When it comes to education? My references, credit, criminal and work experiences will check out. However said I already graduated school when I am in reality a month away from graduating. The company sent over the contract and start date at the same time as the background check.

like

Currently on short term disability in CA and trying to figure out what the tax situation is. It looks like they don’t take out taxes, so should I set that aside? I can’t find any info on whether it’s tax-free income but I definitely don’t want to assume incorrectly

like

Pushing out my retirement date... Crypto down 60%, stocks down 30%.. I was a millionaire in Jan now only a 750kaire lolz. Just numbers on a sheet keep rolling

like

I’m looking for assistance on building your own portfolio in my traditional 401K. I’ve been reading that it’s important to choose funds with low expense ratios. Also, that it is recommended to have at least one US stock, international stock , and bond. I am 24yo so ideally, I’d want to allocate 90%-100% to stocks and 0%-10% to the bond. Any other things I should be looking at?

like

Has anyone here participated in the year long remote year program? My company is fully remote in the US and is in general supportive of me going but concerned about local and international tax liability. Remote year doesn’t share tax advice and our HR team is small. Curious to hear from people at companies who have done it before and if there were any issues from a tax or payroll perspective. Trying to get the formal approval from my company before officially signing up, advice welcome!

like

Can I move to Florida the month my bonus hits and not pay any NY State tax on it? Or would I just declare that 1/12 of the year I was in Florida and get the pro-rated refund from NYS on my overall Pay

like

I contribute 10% of my paycheck to my employee share purchase plan. Is this smart to do given the tax repercussions behind it? Is it smarter to invest less in that and more in my Roth or 401k?

like

Anyone with a leased car move from NJ to other states? If yes, could you please help me understand the process to get sales tax refund from NJ? Thanks in advance!

like

Do desi consultants opt for 401K? Upside/downside?

like

Bought my 911 last year for ~$120k. Only put 4,000 miles on it and seeing online values in the ~$130k range. Am I crazy for considering selling it? She's in perfect condition (even though she's my daily)

like

Debating between a few travel cards and need some opinions. Debating between Capital One Venture, Venture X and Amex Green card.

Live in a non major city with an international airport, but need to be flexible to different airlines. Which of those cards, or other cards out there, would be best

How do you all plan for retirement while in the Middle East (especially for European folks)? Did you sign up for your home country retirement plan while abroad ? (My home country offers it but at a very high cost)

likehelpful

We bought a condo in February 2022 then as you know prices are going down while rates are flying up 😭 We're quite worried about the value of our home and can't really enjoy it. What's your thoughts about this? PS. First time home buyers 🤫

like

Does anyone have a travel credit card they recommend? Any thoughts on Capital one Venture ?
Capital One recently shared with me that I am eligible to upgrade from my Quicksilver card.

like

Can one become financially stable after being discharged from the military?

like

Thoughts on buying a house now? Lease is up in January. Can finally afford to buy. But would it be better to wait until next year in case of recession -> foreclosure market -> better deals? WDYT

like

Google stock to buy now or after the split?

like

24 yr old, 110k TC, maxing out Roth IRA and Roth 401k, no debt or large expenses. Also have ~35k sitting in a bank account. What should I do with that money?? Am I better just sitting on it for a while then watching it shrivel up in my brokerage account?

like

Hey Fish Fam! I wanted your advise on where to invest in property? US or India? Can you please help me with pros and cons of both?

Tax question- Indian immigrant filing taxes in US.
If non-US (Indian) bank account is more than $10k, then one has to file additional forms?

More Posts

Senior revving up to manager promo. Only nervous about one thing at the manager level which is having to answer pointed “Why??” questions from higher up clients on live calls. Any one else work through something like this? I’d appreciate any tips or suggestions as I really suck at dealing with unexpected push back.

likehelpful

Does anyone ever feel morally or ethically conflicted working in this space? Serious question.

like

I have 8 years of experience, working as UI developer (Angular)
Have 3 offers from Mindtree, Cognizant and Harman Connected services (7.5% variable). Mindtree is offering less as compared to other two.
Please suggest where should I join which would have better learning and work life balance as well

like

TCS or Barclays which company good for Experienced Automation Test Engineer which company should I join?

Atlanta vs Savannah vs Tampa?

like

Can any1 say when can we expect results of online assessment imocha test at Capgemini

like

What is market hike rate for senior finance professional in current scenario for organisation change..

like

Hello fishes,

Can anyone reffer me for SOC Analyst?

I have an offer from E&Y.

What are the top tools/resources to be familiar with as a strategist? Meant to be a broad question...maybe you're surprised more people aren't aware of them...

like

Any Consultants in Chicago, looking to connect?

like

Do the partners you work with get to see your self-evaluation or does it only stay with the review committee? If the former, how soon after you submit your self-evaluation do the partners get to review it?

I have 17 years of experience and have an offer from EY GDS for role "Senior Managing Consultant" (Rank 32) under Technology Consulting.

Most of my experience is with Solution/Technical Architecture in the Telecom, Media and Energy & Utilities domain.

I would like to understand if EY GDS assignments are allocated taking into consideration one's domain expertise also or is it like an open field where any kind of business has to be learnt within short time as part of consulting ?

like

Currently a post-MBA returning consultant at MBB. What firms should I target with significant Private Equity Ops groups or value teams? Have to leave after 2 years in consulting because I was sponsored but want to make sure that I understand the point at which I should be reaching out, etc.

like

Hi,
I'm thinking of changing my career to data analytics. What course should I be doing?

like

How long does it take for a lateral hire to be promoted from Associate to Manager at Kearney if the performance is top quartile? Is 1 year a too aggressive goal?

like

Hi , can anyone please tell me when performance bonus credit in infy (monthly/quarterly/yearly)?
TIA

Hey Guys, Likes Please to activate DM

like

Current CTC - 6L. Accenture has offered 10.4 with 60k joining bonus. Designation - Sr Analyst. Is this too low? I have 4 yoe

like

Hello Fishes,

I have a partner round with Sun Life, Gurgaon.

What all discussions can I expect?

And what band would I be eligible for or can ask for ?

Domain: SAP Technical
YOE: 8.5

Thank You in advance.

Anyone used a Sleep Consultant before? Was it worth it? Or something I can do on my own?

Additional Posts in Financial Advisors

Does anyone have ideas on how to navigate a smaller team environment when everyone’s roles seem to be stretched (hiring for additional people has been taking a while, not sure why). The stress causes some tension and that’s probably not great for the overall morale of the company long-term. I try to ignore and just stay focused on what I need to do yet sometimes proves challenging. I worry it might affect my professional/career growth. Thoughts on this would be helpful, thanks!

like

Does anyone think there is long-term viability in Cryptos?

like

Have a presentation in front of a large group tomorrow and it's giving me anxiety. Will taking a Xanax help?

like

Anyone know where/how to go about getting L/VL/VA CE credits form insurance carriers? Anyone have some specifics?

like

Any ideas for creative ways to prospect to large numbers of people that require little to no overhead? I’m thinking seminars or workshops that don’t require paying for meals, mailers, or ads.

likefunny

Anyone know a good resource or lawyer for legal advice regarding securities license issues?

like

It's March, and I have done a lot of seminars in Jan and Feb. I've gotten a few clients but would like to increase AUM drastically! Any books, sites or advice on what I can do for marketing?

like

Haha Merrill just reduced the pc payout grid by 3% for advisor below $2m in production

like

Has anyone partnered with SOFA, society of financial awareness a non profit. Gets advisors in the door at companies for purely education.?

like

Best books you read this year that aren’t about sales, marketing or prospecting?

like

Hi All, what’s your perspective on the CFP? I’m looking to enter into Private Banking and I think it would help.

Also, for those who recently took the CFP. What material did you use to study?

like

Real tips for overcoming shyness? I hear improv classes help.

like

Best books to give to new young client who genuinely wants to grow and develop his interest & understanding of finance, doesn’t want to be bored, & cares about his investment accounts?

like

My latest prospecting idea is to get address of families with new borns, but I'm struggling to find a way to turn those address into phone numbers. Any suggestions are welcome

like

I have a client who needs a 401k, or a solo retirement account w loan options. When I was at UBS/Ameriprise, it was no issue but now it seems tougher to find a firm that does solo 401k as a RIA's.

likehelpful

This is my first yr having access to an FSA through my wife’s benefits. Trying to decide on an amount to contribute and it’s tough. We may or may not get pregnant this year and that’s a huge. Cont..

like

How do you get comfortable eating alone at a restaurant?

like

Do y’all carry cash? Like i know carrying cash is a good thing to do by how much average do y’all have on your person at a time?

like

Do you dress up to go into the office?

like

I'm considering hiring someone who may be required to have a series 65. How long should it take someone who is (a) smart & (b) no industry knowledge to study and pass?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal