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Judging from the downvotes you get the level of understanding of 101 economics among the HN audience remains precariously low :-)
by badtoro 4y ago
Judging from the downvotes you get the level of understanding of 101 economics among the HN audience remains precariously low :-)
- richbell 4y agoOr people simply disagree with it. Economics is a Social Science and largely based on opinion, not fundamental properties of the universe. Racism is defined in many academic circles as "prejudice plus power". Are people 'wrong' if they disagree and think it ought to be defined differently?
- kelnos 4y agoHow would slashing corporate taxes fix inflation? Corporate taxation encourages companies to reinvest into their own businesses: hiring more people, increased capex, etc. Cutting taxes just causes companies to either hoard cash, or return capital to shareholders through dividends or stock buybacks. Neither of these things helps the economy, or helps the average person; it's just wealth transfer from all taxpayers, to elites. Check out what airlines did in the last half of the last decade. Check out what kinds of companies benefited most from the COVID-related handouts, and see what they did with that money.