Economy is literally the measurement of the movement of money. aka Velocity of money. People hoard money. Rich people manage to hoard a lot. All the hoarding i

Economy is literally the measurement of the movement of money. aka Velocity of money. People hoard money. Rich people manage to hoard a lot. All the hoarding is slowing the money down. Depressing the economy. > Taxes should be raised in an inflationary environment... Did you mean spending? Because then you'd be touching on the philosophical difference between Keynesians and Modern Monetary Theorists (MMT). Whereas as most classical Liberal economists emphasized deficits, MMT emphasizes inflation. (Or maybe you're nodding towards the Laffer Curve.) Regardless. Taxes are how governments pull money thru the economy. If we want to keep the money moving, thereby grow the economy, we need to tax the hoards. -- In the case of more tax breaks, abatements for Samsung, things are a little different. Samsung's just exfiltrating money. From Austin, from Texas, from the USA. Since our polis can no longer have a rationale discussion about taxes, "omgherd taxes are theft", I propose a novel solution: Austin should become a Samsung shareholder. Holdings equal to the value of the tax breaks. Like for like. Mutual cross holding investments, just like a true keiretsu.