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The best way to "tax" the rich is to make them spend all their money. The more the rich consume, the more the less rich benefit. It's turtles all the way down
by draugadrotten 5y ago
The best way to "tax" the rich is to make them spend all their money. The more the rich consume, the more the less rich benefit. It's turtles all the way down after that.
So please order that custom yacht now, all you HN unicorns.
- bsanr 5y agoWhat if the point of taxes is not simply to redirect and redistribute funding, but also to reduce economic activity and, by extension, emissions and inflation?
- durnygbur 5y ago> The best way to "tax" the rich is to make them spend all their money. What a catastrophic idea. Do you want economy tuned to the tastes of the vain, wasteful, and capricious? In such economy there is no car, real estate, mobile phone, or clothes for you.
- matkoniecz 5y agoNot at all! It only redistributes work toward what rich people want. Investing into something actually useful would be much better. Scenario A: yacht is bought - economy is redirected toward luxurious yacht building, people get paid to work on building a yacht Scenario B: investment into housing - economy is redirected toward house building, people get paid to build houses scenario A can be a good one only when this people would be unemployed and seeking a work otherwise. Or if you think that building luxurious yachts is more important than alternatives.
- hoseja 5y agoHere we see a trickle-down advocate in the wild, folks.