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I'm more talking about how hoarded money has no effect until its spent, at which point the consumption tax kicks in. I.e. it's not really a regressive tax becau

I'm more talking about how hoarded money has no effect until its spent, at which point the consumption tax kicks in. I.e. it's not really a regressive tax because you are taxed based on how you live, not how you can live.

alchemism 1y ago
It would not be called "The Paradox of Saving" if that statement was true! =)
- wagwang 1y ago
  You're assuming all economic activity is good activity. Billionaire spend allocates capital to frivolous garbage that does not improve human experience.