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>>Some politicians are, as you know, blaming the wealthy people moving. These politicians truly are the stupidest form of humans alive. >> “The model in Norwa
by oifjsidjf 3y ago
>>Some politicians are, as you know, blaming the wealthy people moving.
These politicians truly are the stupidest form of humans alive.
>> “The model in Norway is that everyone should contribute relevant to ability and therefore those that have a greater ability to pay taxes, should pay a little more.”
Since taxes are based on % rich already paid more.
- zaroth 3y agoNot just percentage but a progressive percentage. So they paid even a higher percentage already! I could understand wealth taxes in a deflationary environment only. In an inflationary environment wealth taxes are an abomination. Instituting them against only the ultra-wealthy is just “boiling the frog” as the income targets will only possibly go down over time.
- permo-w 3y agoyou’ve got that the wrong way round. tax raises reduce inflation
- TigerTeamX 3y agoTaxes increase inflation. You buy a steak at a restaurant. If they have to pay 50% extra for their employees in tax, and 50% extra for the meat then it will be more expensive for them to sell you the steak.
- Matheus28 3y agoModern Monetary Theory disagrees with you. Increasing taxes reduces spending & money supply, thus reducing inflation.
- TigerTeamX 3y agoI don't take MMT serious. It has been wrong about almost everything. The theories are just theories without substance or evidence.
- vkou 3y agoThe detractors of MMT have been wrong far more consistently than it has been.
- deleted 3y ago[deleted]
- rad_gruchalski 3y agoWhich in effect leads to everyone wanting more money. So everything starts costing more. Thus inflation goes up.
- kevviiinn 3y agoTax raises reduce inflation because hoarding money increases inflation. These people don't spend their money, they borrow against their assets. Taxing that hoarded money beings it out of the dragons' dens and back into circulation
- AnIdiotOnTheNet 3y agoSome day people who only ever took econ 101 and decided that they therefore understand completely how a complex set of interrelated systems work will realize that they're suffering from Dunning-Kruger effect, but apparently it won't be today.
- permo-w 3y agoaccusing others of the Dunning-Kruger effect is rarely a sign of a healthy mind
- AnIdiotOnTheNet 3y agoIs accusing others of having mental health problems less so, I wonder?
- permo-w 3y agoI suspect that implying someone is unhealthy is less unhealthy than implying someone is stupid
- TigerTeamX 3y agoCan only agree with you ;)
- worksonmine 3y agoCapital gains is taxed at a lower % than salary. I work as a contractor to be able to save on taxes, while my co-workers doing the same work are taxed at around 50% total. I'm not sure what the solution is, but while the working and middle classes are taxed to death the rich have all kinds of loop-holes giving them an unfair advantage when they already own everything. A good start would be to tax all income at the same rate. Raise it for capital and lower for salary to meet in the middle. This would mean I pay more yes, but I'm not a hypocrite and actually want to see a better system.