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I hear this often, but I'm struggling to understand how taxing the wealthy will build houses, or lower the price of energy? Taxing the wealthy does one thing v
by TheSpiceIsLife 2y ago
I hear this often, but I'm struggling to understand how taxing the wealthy will build houses, or lower the price of energy?
Taxing the wealthy does one thing very well: transfer money from the hands of the wealthy, who are notoriously good at managing their wealth, in to the hands of politicians and bureaucrats who are notoriously bad at managing other peoples money.
- bayarearefugee 2y agoThe way the wealthy "manage their wealth" is by buying up assets (including housing, etc) driving up the price for everyone else causing exactly this sort of cost of living crisis you referenced. Not really that difficult to understand. You should read up on the history of US taxation and how much stronger the middle class was when the wealthy got taxed fairly.