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That's called taxation, and the billionaires you are referring to pay all the taxes that are due. None are behind on any tax bills AFAIK. Of course it is easy
by rmk 4y ago
That's called taxation, and the billionaires you are referring to pay all the taxes that are due. None are behind on any tax bills AFAIK.
Of course it is easy to say 'put money back into workers creating it'. But the labor market is just that - a market, and no-one is being forced to give away their labor for free or less than it's worth.
If the tax code is riddled with tens of thousands of exceptions that incentivise a gazillion different behaviours, again, that's the will of the people asserting itself via the tax code. It's much harder to unpick those, right? Thus the highly enlightened conversation about making billionaries illegal and such.
> And second of all, even if we just gave the money away and people "pissed it away", the money is still being circulated and put back into the economy.
Yeah, that worked out great and totally did not result in historically high inflation that will now cause a recession with massive job losses (thus hurting the cause of the workers it purports to support). Also, the inflation is totally not a tax that will be paid mostly by poor people or those on fixed incomes.