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it's not about large quantities of money just sitting in a bank account. it's about investment. high taxes discourage reinvestment of profits back into busine
by nazgulnarsil 18y ago
it's not about large quantities of money just sitting in a bank account. it's about investment. high taxes discourage reinvestment of profits back into businesses.
- deleted 18y ago[deleted]
- forinti 18y agoOnly indirectly. If a business can profit more from investing than it can from sitting the money in the bank, then it will regardless of the taxes. Higher taxes will lower consumption and raise costs, but they won't deter investment by themselves, otherwise nobody would start businesses in Sweden or Belgium.
- nazgulnarsil 18y agoright, taxes are just changing the equilibrium point.