Message from @Maksim
Discord ID: 693931886460010568
They are modern history
Because Trump's got a point on this one.
Tax cuts for the wealthy brought in more companies.
Yes okay thank you for enlightening me, I didn't know that the 50's were modern history.
Trump himself admitted his tax breaks backfired, because giving tax cuts to them leave them to be greedy
Only, there's so far away from the 2020's.
You have to force them to spend it in the correct
And hence irrelevant to the 21st century.
way
At that point
Yes, that's another story, however.
You can just spend it directly with the government itself
It issnt
Top Down economics has been proven to not work
greediness is another topic.
To make it work you have to force the top to spend the money they way you want them to
At which point that is just government control, so why give them money
I don't disagree with you on that, I'm disagreeing with you on implementing a 90% tax on the wealthy.
The stimulus package, 2 trillion, specifically banned stock buybacks at the Requestof trump
Because last time he gave breaks / money to the top
And you cant convince someone to not be grreedy by asking
You have to force them
Again, greediness is irrelevant. I mentioned Trump's cuts to demonstrate how tax cuts brought in more wealthy people. I used that fact to demonstrate that, respectively, if you implement a 90% tax on them, they will leave.
unless you want to warp back to the 50's.
They can go to so many other countries where their revenues will be 1000% higher than in a country which collects the 90% of their incomes.
They won't be good, loyal citizens. They'll just follow the path of gold.
And the path of gold has no loyalty or honour.
@Koninos During the 50's, in a family of 4 - just the father could work - and make enough money to support all 4 in a middle-class suburban life with 2 cars, and still have enough money to buy luxuries and go to vacation.
Because of a combination of decisions and reforms to the economy
To say it is impossible to create such conditions is untrue
But the economy, back then, wasn't dependant on the wealthy. Now it is, so it's indeed utopian and unrealistic to implement a 90% tax on the wealthy.
Also strategically lame.
As i saidd gradual integration is possible
If we focus on improving the middle class
It is possible
No. You'll just get to the point, gradually or not, that the wealthy will leave due to heavy taxation.
So?
And no they wont
50's disprove that