5 ms·
Well $5k a month is a ludicrous idea because it's higher than the GDP per capita of the United States so is obviously unworkable. But I do think there is some m
by TheSmiddy 9y ago
Well $5k a month is a ludicrous idea because it's higher than the GDP per capita of the United States so is obviously unworkable. But I do think there is some merit to a lower amount such as $1k per month.
I fail to see how increasing corporate tax is going to result in a downward spiral of constant layoffs. An efficient organisation should only be keeping employees who generate more value than they cost, even if the taxes on the profits were 95% this equation doesn't change. If I should be fired at 50% tax, then I should also be fired at 20% tax.
>> I'm still waiting for the day for someone to explain how trickle up economics works. I have yet to hear a convincing argument/example of it working, ever. It just doesn't. When was the last time a poor person offered you a job?
Poor people buy things, buying things shows demand for a product which creates a job to satisfy that demand. Jeff Bezos, currently the richest man in the world, isn't given his wealth by someone richer than him, he is given it by providing a service to millions of people poorer than him.
By increasing the wealth of all people you increase demand across the board and create more wealth generating opportunities for more people.