4 ms·
Riches' motivation to do what? Continually hoard resources? The problem of hoarding, tax evasion, and generally just theft from society disguised as "innovation
by bluehazed 9y ago
Riches' motivation to do what? Continually hoard resources? The problem of hoarding, tax evasion, and generally just theft from society disguised as "innovation tax" is the problem that already exists. You're not reducing economic activity, you're just taking economic output and putting it where it deserves to go.
- gloverkcn 9y agoInstead of deserves to go, I would say where it will be the most mobile. Sitting in a bank account doesn't do anything for the economy. Giving it to the poor means it will get spent. The people that the poor buy from will see an increase of revenue and make more money. Those people being one step above the poor will spend the profits (as well as buy more inventory), and the cycle continues. Trickle up will generate the economy spur more than trickle down.
- refurb 9y agoRich people don't have most of their money sitting in bank accounts. And even if they did, you think the banks just sit on it? No, they loan it out.