Message from @Nike
Discord ID: 417953928936816641
it's mainly caused by regulations and higher taxes, if you take a look at the trend from the 1980's onward you'll find that more regulation = more layoffs for workers and more small businesses closing down
<:bour:313709044957315082>
this loss in jobs and loss in wages fuels income inequality
also
Correlation does not imply causation
Loool
businesses moving to other countries and not paying their taxes
getting workers overseas via offshoring
the corporate tax rate has been stupidly high
the tax bill lowered this to 21%
@Deleted User your point is?
Lmao
businesses are returning
I wish I could have such a simplistic view of the world
Yes, we need a more comprehensive solution than just regulations
we do not need regulations
simple
I'm not pretending that hierarchy is unavoidable
Dude lmao trickle down economics will save us
Sigh
Thats basic....
@(((RobotWizard)))#3986 So you aren't an ancom then or are you a speshul new kind
how will it not work in the long term?
how does that work?
explain the process behind this
For example, the US tax law which decreased corporate tax rates
I honestly stated that I'm not really aligned to one particular anarchist school of thinking
Yes it will bring back more businesses
Aka more short term gains
>spouting trickle down economics theory
but how will it drop in the long term
But the CBO estimates more rhan a trillion dollars in deficit
Because of lower tax revenues
@Deleted User They should move the federal reserve to trump tower
The solutions offered by socialism are usually much more radical than just changing the tax rate
Though different people will have different solutions
Which is why you have so many obnoxipus people with their (brand) of socialism
Like you noted earlier
so what you're saying is that the government won't be collecting enough taxes to sustain itself and that is the problem with low taxes?