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You're not explaining why prices are high, you are justifying your existing beliefs about "money printing" and taxation. Costs (including taxes) are only very l
by cedilla 3y ago
You're not explaining why prices are high, you are justifying your existing beliefs about "money printing" and taxation. Costs (including taxes) are only very loosely related to prices. They only serve as a lower bound, and not even always that.
Taxes are not the reason for the massive price increases. Indeed, you point out high energy prices, which were met with suspension of energy taxes in many European countries, with little effect. VAT was slashed for many sectors, still, prices went up.
If anything, taxes are too low. Many tax rates are at a historic low. European billionaires stole a trillion Euros from the population last year alone. Why people are always so enraged about the taxes that pay for every single public utility instead of the unlimited greed of the hyperwealthy who don't even know what to do with their money because the luxury wharfs are completely booked out and they already own two private jets?
- fransje26 3y ago> Why people are always so enraged about the taxes that pay for every single public utility instead of the unlimited greed of the hyperwealthy Smoke and mirrors. They've managed to deflect the blame nicely, and we are dumb enough to believe that it is so. The same effect can be seen in the universal health care reactions in the US. Fascinating.
- chii 3y ago> stole a trillion Euros from the population valuation of stocks growing higher is not stealing. Using hyperbole is not making your argument any more convincing.
- mplanchard 3y agoNot paying their fair share of taxes on those million dollar bonuses, continuously inflating executive salaries, and realized capital gains is absolutely stealing. Failing to pay their fair share of taxes on their corporations’ income is similarly stealing.