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Wealth was not generated, prices rose. Those are valuations, they did not come out of the pockets of the workers. A wealth tax would suppress those prices, not
by incrudible 4y ago
Wealth was not generated, prices rose. Those are valuations, they did not come out of the pockets of the workers. A wealth tax would suppress those prices, not to mention capital flight. It just does not work. If it did, everyone would do it.
- lm28469 4y agoSo I pay my gas twice as much as 5 years ago, the dude selling the gas gets twice as much money, but nothing changed ? ok http://cdn.statcdn.com/Infographic/images/normal/27887.jpeg http://cdn.statcdn.com/Infographic/images/normal/27887.jpeg
- incrudible 4y agoThe gas supply did in fact change, as did demand. Even a small shortage can drive prices up dramatically, because gasoline is critically important.
- lm28469 4y agoPrices yes, you're looking at _profits_ though
- incrudible 4y agoIf you have a 5% profit margin and the price doubles, so do your profits. Of course you could lower your profit margins and pass up on the opportunity of the decade.
- lm28469 4y agoI mean yeah if you're view of the world is so distorted that a war is an "opportunity"... That's exactly what's wrong and why people protest against this system so you're making my point
- incrudible 4y agoOf course rising prices are an opportunity for producers, war or not. If war had devastated their profits, you wouldn't bat an eye. Moreover, the prospect of profits is what gets the supply going in the first place. Many shortsighted politicians have proposed to instate price caps to curb "immoral" profits - which would make an actual shortage more likely. After all, some gas at a high price is better than no gas, at any price. I am in fact not making your point. Your moral concerns are completely independent of whether your proposal would work. I'd be in favor of wealth tax if it worked. It doesn't work.