this post was submitted on 23 Oct 2023
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And this comment is supposed to tell us what ?
That grayman is a doofus
Lemmy seems to be worse than reddit with basic economics.
It’s pretty bad. I doubt anyone downvoting you even knows what the Laffer curve is.
That's just a right wing theory to them. Despite the claim otherwise, they do not follow the data.
You're a doofus
What happens to money when you tax it at a high rate? It moves to another country.
You can't tax a country into prosperity.
Guess we'll just have to trust good ol trickle down economics!
Yeah we should totally just tax everyone making over 500k at 100%. That will solve all govt funding problems and finally allow the govt to socialize everything. I'm sure the utopia is just around the corner. Just gotta get those rich assholes that don't pay their share. Modern slavery is in voluntary contracts, not involuntary debt to the state!
Idc? That money isn’t getting taxed anyway so they aren’t participating in society so these people might as well gtfo.
Stop. Protecting. Billionaires.
Stop pretending that killing them all off in your country will make them disappear or solve the root problems in your society.
I'm not protecting them. I'm pointing out the flawed reasoning.
Do you have a solution you would propose in stead of a tax that would begin to reverse the growing wealth inequality issue?
Incentives, other regulation. Break up monopolies. Companies pay stupid amounts because they have that kind of money. If they are essentially forced to use money for other things, there won't be enough to keep the company black and pay the CEO stupid money.