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Rich people rarely buy stuff in proportion to their greater income (earning 100x more but not buying cars worth 100x more, etc). This would mainly affect the no
by khyryk 7y ago
Rich people rarely buy stuff in proportion to their greater income (earning 100x more but not buying cars worth 100x more, etc). This would mainly affect the not-so-rich people, who, given fixed purchase budgets, would probably respond by consuming less, which is likely to hurt businesses with lower demand for just about any product.
- appleiigs 7y ago> This would mainly affect the not-so-rich people, who, given fixed purchase budgets, Certain items can be excempt from sales tax, such as groceries. > Likely to hurt businesses Since when is the HN crowd worried about hurting businesses. Most people here want higher taxes for corporations.