4 ms·
Much of inflation is being driven-by corporate concentration, so the answer is to not tax wealthy individuals but corporate profits at much higher rates: https
by bugglebeetle 4y ago
Much of inflation is being driven-by corporate concentration, so the answer is to not tax wealthy individuals but corporate profits at much higher rates:
https://scholarworks.umass.edu/econ_workingpaper/343/ https://scholarworks.umass.edu/econ_workingpaper/343/
- Scoundreller 4y ago> not tax wealthy individuals but corporate profits at much higher rates Most wealthy individuals would take a haircut if corporate holdings were worth less. It mostly has the same effect. It's not like Bill Gates has all of his wealth in cash.
- bugglebeetle 4y agoSure, but the parent was talking about how taxing wealthy individuals would not tame inflation because of their (relatively) small impact on demand. The same is not true about how corporate profits filter back into the economy.