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Taxes is not the only way redistribution happens. In some countries, there are no laws against how much credit card fees can be. In those countries, a small fr
by abdullahkhalids 2y ago
Taxes is not the only way redistribution happens.
In some countries, there are no laws against how much credit card fees can be. In those countries, a small fraction of the wealth of poor people is transferred to rich people [1]. In other countries, the fees are limited to small values, so this wealth transfer happens at a much smaller scale or doesn't happen at all.
Or a government can license a coal plant in some area [1], destroying the air quality and health outcomes of people in the area, while most of the wealth generated by the plant goes to the investors.
[1] Because credit card companies charge fees inversely proportional to expenses. And give rewards to those who can spend more.
[2] Or worse, in an adjoining area far enough away to commute for jobs, but still in the same air shed.