On 03 Sep 2012, at 21:29, meekerdb wrote:
On 9/3/2012 8:06 AM, Bruno Marchal wrote:
3) It's also probably why taxing the rich ultimnately doesn''t
work,
it lowers everybody's income to fit the curve. A nd why trickle
down doesn't work.
I do agree with this. The leftist idea of distributing richness
cannot work for many reasons. But richness must be based on facts,
and not on propaganda. Today we are living a perversion of
capitalism, because too much investment are money stealing in
disguise. The whole oil, and military industries, jail systems, and
pharmaceutical industries are build on sands. It will crumbled
down, and the sooner the better. But it will take time as the most
of the middle class and banks are hostage (not always knowingly) of
professional liars.
I'm not sure what is meant by 'taxing the rich doesn't ultimately
work'?
I did not say that. I was meaning to distributed the wellfare. On the
contrary: taxing the rich and the poor is a good idea, for the public
sector.
If it means it doesn't produce equality and prosperity, I'd agree.
But in the U.S. the tax rate paid by the rich has been higher (even
much higher) in the past and at the same time there was prosperity
and economic growth. Now the rich (by which I mean people who live
comfortably solely on their investments) pay a lower tax rate than
the poorest working person. So 'taxing the rich' can certainly work
in the sense of fairness.
I agree. Sorry if I was not clear.
Bruno
Brent
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