1984 on Nostr: Redistribution makes perfect sense on all metrics. But, this is where the common ...
Redistribution makes perfect sense on all metrics. But, this is where the common people can't grasp the difference between Macro and Micro economics.
The trickle down effect does NOT exist!
Steve Jobs and Bill Gates would have sold bananas if the were born in the Philippines or India due to the demand for PC's.
But, they were born in a place with a marginal tax between 80-95% between the 40's and the 80's.
I am not for taxes and I would any day choose Thailand over US. But redistribution has proven it's effect many times (EU and US are just a few examples). Somalia is a good example of the opposite.
The trickle down effect does NOT exist!
Steve Jobs and Bill Gates would have sold bananas if the were born in the Philippines or India due to the demand for PC's.
But, they were born in a place with a marginal tax between 80-95% between the 40's and the 80's.
I am not for taxes and I would any day choose Thailand over US. But redistribution has proven it's effect many times (EU and US are just a few examples). Somalia is a good example of the opposite.