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> The markets wouldn't be so important if there were a safety net. The markets literally pay for the entirety of any safety net. Without the markets there are
by malandrew 7y ago
> The markets wouldn't be so important if there were a safety net.
The markets literally pay for the entirety of any safety net. Without the markets there are no jobs, so no payroll or income tax revenue. Without tax revenue, there are no safety nets.
Without the markets, there are no investments, so no capital gains tax revenue.
Without the markets, there is nothing to sell, so no sales tax revenue.
Without the markets, there is capacity for charity.
If you don't understand how critical the markets are to the functioning of the country, you don't understand how countries function.