this post was submitted on 11 Dec 2024
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chapotraphouse
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If contributors paid e.g. $2,000/year instead of $10,000, the 'spare' $8,000 doesn't disappear, it gets spent elsewhere, driving employment, potentially in less parasitic industries. This is before we get to the fact that the example $2k/each more than pays for those 3 million jobs because you've taken out the parasite that takes the $8k for themselves. So in fact, you don't lose 3 million jobs but keep those and still have the extra employment or increased wages and allow for some of it to be slurped up as profit from the spare $8k.
Obama: