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Honestly no, I have never once wondered that, because anyone who makes money necessarily knows how to deploy it with greater impact than the general revenue acc
by motohagiography 5y ago
Honestly no, I have never once wondered that, because anyone who makes money necessarily knows how to deploy it with greater impact than the general revenue account of a government. At least if they just set it on fire it would reduce inflation.
The only reason a wealthy person would want to pay more tax is as some hopeful implied contract that ensured they would be left alone and secure with the rest of their wealth. Even still none of them are that naive, because if what they're paying now hasn't reduced govt demand for their money, why should more?
Yes, some billionaires have asked to be taxed more, but that's only because they deal with capital at a level of pure abstraction. It's meaningless to them whether you increment or decrement one of the many variables they manage, so long as you don't add new ones. Not only does it cost them nothing to say that, but it often yields 4 years of non-interferance in growing their capital.
Regarding cynicism, I just think the merit we assign ideas should be based on something more than applause, and this "in tax we trust" astroturfing campaign doesn't meet that bar.
- bananabiscuit 5y agoYou are assuming earning money is a meritocracy. It definitely is not. Also the government’s role in spending money is to offset tragedies of the commons. No matter how well someone can deploy money, they have little incentive to deploy their own money to fix issues of the commons. However, it is possible for them to know that society as a whole would be better off if everyone was forced to contribute a fair share to those issues.