Sorry once again for a long quote but there’s nobody on this blog who’d read the book of their own will, and I like the quote so much that I could have written it myself in these exact words:
Why do we tax capital at half the rate of labor? Why is it fair that some inherited-money loser living off the interest from an investment portfolio he didn’t create pays half the taxes per dollar that you do? You get up every morning to go to work. He stays home, smokes weed, and watches online porn. You get hit twice as hard on April 15. He’s being rewarded, while you’re being punished. Is he twice as necessary as you are? Does he contribute twice as much to America? Maybe he does. Maybe the people who wrote the tax code could explain precisely how. Maybe not. Either way, you can see how a conversation like that might quickly spin out of control and become a threat to the existing order. Better not to have it in the first place. Better to change the subject away from economics entirely.
Capital. . . labor. . . Why, why do I have to look on the political right for somebody to make an easily accessible, plainly argued, and jargon-free argument about this? Not everybody can or will want to read Bauman and Co. Somebody needs to popularize these ideas. And people are popularizing the deeply Marxist Bauman. But they are somehow mysteriously all way to the right of anybody I have even met in my whole life.
I wouldn’t have to read all this stuff if somebody else were doing it. But they aren’t.