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"Also, giving tax breaks on luxury cars means shiftig wealth from the poor to the rich." Not quite ... If you taxed poor people to subsidize luxury cars (a re
by rsync 9y ago
"Also, giving tax breaks on luxury cars means shiftig wealth from the poor to the rich."
Not quite ...
If you taxed poor people to subsidize luxury cars (a regressive tax) then you would indeed shift wealth from the "poor" to the "rich".
However, if you tax rebate the "rich" to subsidize luxury cars you are instead shifting less wealth from rich to poor than you used to.
Maybe you should or should not do these things - I'm not going to debate that here - but I think that distinction is important and interesting ...