Talk:Progressive capitalism

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Progressive taxation

Currently, progressive taxation is not mentioned in the article. It should be since most discussion I see about progressive capitalism usually includes progressive taxation.

I don't have time to edit the article. So others will have to add this info with the appropriate references. --Timeshifter (talk) 06:58, 20 February 2022 (UTC)[reply]

I disagree because Progressive Capitalism is about the partnership between private and public entities. One element is the public entities can provide guardrails in consultation with the private entities. This provides the private entities with consistent rules guiding toward the objective. The intent is avoiding damage from unconstrained neoliberal American capitalistic competition that makes it harder to achieve the stated objectives. This benefits the customer while also improving equity between competitors and for their employees and suppliers.

In my view, Progressive Taxation is not related and is a mathematical relationship between different entities' ability to pay and the amount of tax they are subjected to. The formulas are established in tax legislation.

I'm open to further discussion on this topic and would like to see links to the sources Timeshifter mentions.

--Parent55 (talk) 19:53, 20 February 2022 (UTC)[reply]

I see Joseph Stiglitz used as a reference several times in the Wikipedia article.

Progressive taxation is discussed in his book "People, Power and Profits: Progressive Capitalism for an Age of Discontent". See this Google Book search:

https://www.google.com/books/edition/People_Power_and_Profits_Progressive_Cap/R6WKDwAAQBAJ?hl=en&gbpv=1&bsq=progressive%20taxation

I notice on your talk page that you consider yourself an "Eisenhower Republican". May I point out that the highest US marginal income tax rates were under his administration. See table of rates over time:

Historical Highest Marginal Income Tax Rates.

His administration was a period of great middle class prosperity. Versus today's far-right Republicans, and their attempts at regressive taxation at every opportunity.

Somebody from a reliable source must have pointed this out in discussions of progressive capitalism.

In the United States, the first progressive federal income tax was established by the Revenue Act of 1862. The act was signed into law by Republican President Abraham Lincoln. It replaced a flat tax. See progressive tax.

Somebody from a reliable source must have pointed this out in discussions of progressive capitalism.

Lincoln's economically progressive message below. What a contrast to today's far-right Republican leaders. From a message to the U.S. Congress, 3 December 1861:

"Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration."

More sources: [1]. The full speech.

Somebody from a reliable source must have pointed this out in discussions of progressive capitalism.

--Timeshifter (talk) 21:00, 20 February 2022 (UTC)[reply]