Message from @zakattack04
Discord ID: 429139504478289921
law of diminishing returns
What?
basically, someone values what they have more if they have a scarcity of it
That's true but, the law of diminshing returns refers to when paying for a better product you have to increase capital exponensionaly when buying the best product on the market.
Is that what you meant?
should've said diminishing *marginal* returns
that was a mistake on my part
oh ok.
For example, say someone makes a billion dollars in a year and they get taxed 20%. They still have 800 million dollars, and they can live pretty much just as extravagantly. Now, say that there's someone making $50,000 in a year, and they get taxed 20%. That 10,000 dollars means a lot, it's rent, it's food, it's maybe a luxury for their kid, a new pair of shoes, that 10K matters more to that person than the billionaire probably cares about the 200 million.
Maybe not.
What if that billionare wanted to give that 200 million to charity? so taht family could get a free pair of shoes?
Look at Bill Gates.
maybe they would've
maybe they wouldn't have
Richest man in the world, and does most of his money for philanthropy.
So why give it to the government who we know for sure won't?
not *most* of his money
in any case, I agree people should be taxed at a low rate
simply that some people have more necessity than others
The truth is with a flat income tax everyone can be taxed at a lower rate.
not everyone
Look athe middle class
Well you do what the current tax system does.
If you make less then 12K it's exempt from taxation
So money to live isn't taxed.
After that everyone pays the same.
Then we're not penalizing people for being sucessful.
or incentinvicing people to stay poor.
well if they can help it, we shouldn't grant them welfare
baby steps
First you got to revive the free market before you can gut these programs.
especially if they're immigrants
yeah
speaking of which, have you read this?
This is the most brilliant thing I have heard out of the Trump admin yet.
Basically, if you are an immigrant and you use any public benefits, even fucking tax credits, you'd be denied residency under the proposal.
Thank you JEFF SESSIONS
what's up with him?
what'd he do