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More specifically, throughout history, opportunities that allow those at the bottom to raise their standard of living usually makes the richest richer. People
by malandrew 7y ago
More specifically, throughout history, opportunities that allow those at the bottom to raise their standard of living usually makes the richest richer.
People can only get richer if there is productivity. Simply transferring wealth is not a panacea if it doesn't measurably result in productivity.
- briandear 7y agoAnd penalizing productivity through confiscatory taxation kills productivity and wealth creation. Why bother working 40 hours if the government steals 20 hours of your labor to give to someone else producing less? Might as well just work 10 hours and have less of your your labor stolen. What’s the incentive for working harder if harder work just means you get to pay more for someone else? Why risk capital starting a business if you are going to end up in the same place as the guy that risks nothing? Redistribution kills economies and it kills innovation.