4 ms·
the argument is that increased taxation to fund a war effort plus increased industrial output to produce weapons of war leads to redistribution of wealth from t
by rmchugh 10y ago
the argument is that increased taxation to fund a war effort plus increased industrial output to produce weapons of war leads to redistribution of wealth from the wealthy (who are disproportionately taxed) to the working class (who work in the factories and related industries to produce the armaments).
- mtanski 10y agoI'm not sure that holds up in practice post WW2. At least here in the US. As long as we're running wars or never ending wars, wealth gets redistributed from all tax payers to owners of factories building war machines or war services (defense contractors). These owners can be direct or "indirect" stock owners. Sure the people who work in that industry get a "cut" but owners get the most and pay the lest to fund it as taxation on cap gains is lower then earned income.