Message from @wuzamarine
Discord ID: 677221126216351754
tax havens like banks?
banks that invest the money they have?
Corporate tax was 67% for years and USA did fine.
Reagan gaffed the tax bill off on the middle class and USA has been struggling ever since.
just gonna ignore that ur wrong about where they store their wealth?
London is a tax haven. Brussel will be the next, after Brexit.
what is a tax haven?
u think when money is in a bank that it isnt being used in the economy anymore?
Where you escape capital gains tax!
lol ur clueless about money. banking. investing. taxes.
That's why you should keep your money in a shoebox
thanks bud I get I know what a tax haven is.
Looks like you are
@Bleach Clinton imposed a luxury tax and the economy did just fine.
Rich people save their money, romoving it from circulation. A bad thing.
Poor people spend 100%. The ideal.
u said rich people remove their money from circulation...
explain how
A luxury tax != capital gains tax.
how do rich people remove their money from circulation
by investing instead of speading it
investing isnt removing it from circulation. that's the epitome of circulating money
how do businesses get capital to start up?
how do people get loans to buy a house?
banks need to have a reserve of cash
even in a bank ur money is being recirculated
A loan.
But a business loan is not stock or a commodities investment
all investments are used to further grow business
Corporate taxes suck
if they were putting to money into a functioning business, that would be fine.
Most store in tax havens or put their money in a commodity.
or a fund
Putting your money in a commodity or fund is investment lol
There’s nothing wrong with that
it is the Trust system in USA that is the real poison.
For example buying houses to rent
@sɪᴅɪsɴᴏᴛʜᴇʀᴇ You are removing the money from circulation when you invest in a fund or a trust.
Incorrect
It’s still in the money supply
Bullshit.
How does it make it back to the consumers hands?
It is removed from circulation.
It is locked up tight.
circulation != supply
circulation is the problem.