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Would this new tax create any more STUFF? The economy does not produce money - it produces stuff. Stuff like food, medicine and video games. Does taking this

Would this new tax create any more STUFF? The economy does not produce money - it produces stuff. Stuff like food, medicine and video games. Does taking this money from people - even very rich people - produce any additional stuff for the rest of us to consume? I don't see how. I can't eat money. I can't live in money. Will these rich people consume less stuff for themselves? Will it be enough less to matter to any of the rest of us? I doubt it. So what's the point of all this? How about we focus on producing more stuff, so that we have more stuff to live in, eat, or treat our bodies. If we produce more stuff, we will have more stuff. Taking money from rich people and giving it to everybody else will not help everybody else, since there will not be more stuff for them to buy.

danaris 2y ago
That's looking at the situation too simplistically. Stuff is produced when there is demand for it. When people have less money to spend, there is less demand. If this tax puts more money in the hands of the bottom 90%—and especially the bottom 50%—it will increase their buying power, which will increase demand, which means that, in all likelihood, more goods will be created for them to buy. ...I think it's also worth noting that for the vast, vast majority of people, what's standing in the way of them buying stuff is not the lack of stuff available to buy: it's lack of funds to buy it with. So on that front, too, your analysis doesn't really hold true.