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True, but anything you do to unlock wealth from the super rich - who tend to hoard it - and transfer it to less wealthier folks who are much more likely to spen
by natorum_9 8y ago
True, but anything you do to unlock wealth from the super rich - who tend to hoard it - and transfer it to less wealthier folks who are much more likely to spend it (they can't afford not to) will improve the health of the broader economy (more money flowing around). Even if companies have high profit margins, they will use that profit to expand production and hire more people (a good thing) or buy more goods (leading to more employment elsewhere).
- the_hoser 8y agoIn this case it would be transferring the money from the rich to the richest.
- rbanffy 8y agoMost scenarios end up like this. By far, the best way is to progressively tax the rich, remove loopholes, create larger trade blocks with unified tax systems (so the rich can't run to avoid taxes) and revert those taxes into services for the whole population.