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>The megacorp wealth flows back to the shareholders, who eventually will want to spend it on something. This is called trickle down economics. >Wealthier peop
by theGnuMe 2y ago
>The megacorp wealth flows back to the shareholders, who eventually will want to spend it on something.
This is called trickle down economics.
>Wealthier people who consume more than average would pay in more than they get out. With wealth being power-law distributed, the wealthy would end up paying a lot more.
The wealthy consume basically the same amount as everybody else in their day to day. They might purchase better quality goods. So consumption taxes are regressive. It is better to tax progressive wealth.