5 ms·
By your definition any kind of wealth transfer to the lower classes would be a “tax on the rich”. Funnily, it’s quite common in Brazil to refer to larger monet
by jiofih 5y ago
By your definition any kind of wealth transfer to the lower classes would be a “tax on the rich”.
Funnily, it’s quite common in Brazil to refer to larger monetary values as “2.5 salaries”
- mjevans 5y agoHow the tax is structured and effectively applied greatly affects that. Taxes on "use", at least without specific exemptions or targets, are usually regressive. Everyone must buy food. Many need to use the roads to do things (like get to work), so gas taxes are regressive and tax non-property-owners who have little real choice or say about their destinations. If the rich were taxed properly, the effect would also be to tax the poor though all of the rent-seeking the rich have. If rent-seeking, instead, was broken then the poor might be unshackled and able to build wealth. ** Focus on the buying power ** rather than a minimum wage. Provide the basic needs for all to break the rent-seeking slide towards the monopoly of a few and allow communities to thrive.