4 ms·
I am referencing 90% marginal tax and social healthcare for second order effects that include: lack of innovation, shortages, inefficiencies, mass tax evasion,
by crossbody 1y ago
I am referencing 90% marginal tax and social healthcare for second order effects that include: lack of innovation, shortages, inefficiencies, mass tax evasion, etc.
I see that some people being crazy rich is infuriating and very often unjust. And I wish socialism worked. But it doesn't. Look at history and consider second order effects of 90% tax and similar policies. Or more narrowly, imagine you are poor and rely on plasma donations, now that option is gone, what do you do next? Are you better off with that option no longer available?
- analognoise 1y ago"Lack of innovation" - yeah that whole space program thing wasn't super innovative. The stuff that invented the internet. What shortages, are you talking about communism? And we have computers AND helicopters - I think we can handle some tax evaders. If anything doesn't work, it's the system WE HAVE NOW. You're saying "socialism doesn't work" - we're the only country without single payer healthcare. We don't live as long. We pay 2x what other countries do. It just doesn't work... here. It's absolutely a lie that it doesn't work. Socialism works just fine, and it's high time we get there and tax the living crap out of these useless lizard people.
- crossbody 1y agoFor a start: https://en.wikipedia.org/wiki/Laffer_curve https://en.wikipedia.org/wiki/Laffer_curve We know that 90% tax rates are bad since 14th century. Not exactly cutting adge science but somehow many people still don't get it
- analognoise 1y agoSounds like more conservative noise, but we’ve seen they’re clueless on the economy. Just look at how poorly they do.