layman_economics on Nostr: The idea of taxing the rich to help the poor is one of the most useless ideas I’ve ...
The idea of taxing the rich to help the poor is one of the most useless ideas I’ve ever heard of.
The rich are the ones with a ton of resources.
They can always use a tiny slice of their resources to make sure that these laws never get passed, or that these laws always have some of kind loophole that they can exploit.
Or, if they fail to do those things, they can always choose to leave the country.
And if a country has no rich people, who then will have enough capital to start new businesses and create new jobs for other people in society?
Sure, you can always borrow money to start a new business.
But why would you take that risk? Even if you somehow succeed, a large portion of your wealth is going to get taken away from you anyway.
This is one reason why ‘taxing the rich to help the poor’ is a useless idea.
In fact, it’s not just a useless idea. It’s actually a harmful idea because it makes things worse!
#tax #economics #economy #politics #rich #poor
The rich are the ones with a ton of resources.
They can always use a tiny slice of their resources to make sure that these laws never get passed, or that these laws always have some of kind loophole that they can exploit.
Or, if they fail to do those things, they can always choose to leave the country.
And if a country has no rich people, who then will have enough capital to start new businesses and create new jobs for other people in society?
Sure, you can always borrow money to start a new business.
But why would you take that risk? Even if you somehow succeed, a large portion of your wealth is going to get taken away from you anyway.
This is one reason why ‘taxing the rich to help the poor’ is a useless idea.
In fact, it’s not just a useless idea. It’s actually a harmful idea because it makes things worse!
#tax #economics #economy #politics #rich #poor