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Plus the very rich, the ones meant here, don't represent a decent part of the total. What you will effectivly destroy, going after "income and capital for the r
by candiodari 4y ago
Plus the very rich, the ones meant here, don't represent a decent part of the total. What you will effectivly destroy, going after "income and capital for the rich", first and foremost, are pensions.
That's where the majority of FANG (and other) profits go to: paying people's pensions.
- kqr 4y agoI'm not sure I follow. Even if what you say is true, government with sovereign currencies can tax the capital and still pay out just as generous pensions. They just have to tax capital even harder to keep inflation at bay. No? Basically if you look at taxation as a way to destroy money, and then you focus taxation on things you want to discourage (too high concentration of capital, unhealthy habits, environmental impact, etc.) you can incentivise and disincentivise whatever you want.