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By that line of thinking why not tax the poor to give to the rich, that would accelerate economic growth, wouldn't it?
by ucha 6y ago
By that line of thinking why not tax the poor to give to the rich, that would accelerate economic growth, wouldn't it?
- steffan 6y agoThis is a strawman argument, but the logic actually does hold: If the original premise is true, "taxing the poor to give to the rich" would accelerate economic growth. The problem is of diminishing returns - it would have a disproportionate negative effect on the poor and a minimal impact on accelerating growth, so it would be considered one of the most inefficient ways to achieve the latter.