Hello Woko Haram,
Originally Posted by
Woko Haram
That should tell you that the economy is artificial. In other words, it's a house of cards. It will crash much worse very soon than it already has, once politicians realize that another stimulus check won't help.
In the long run, the growing dependence on printing money recklessly will result in what I mentioned in a different post regarding Latin America.
There is only one functional way to tax the rich more, and it requires lowering corporate taxes first. The only way that much of Europe can get away with taxing the wealthy more without them leaving is by lowering the corporate tax enough that many wealthy people take a larger portion of their personal earnings and invest it in their businesses. America currently has a higher corporate income tax than many of its trading partners, which results in more wealth being withheld from investment.
So, if you really want to tax the wealthy more, first, lower the corporate income tax. After that, raising personal income taxes on the elite will result in them moving their money into investments.
As you can see, it's still more of a matter of pushing wealth toward being used in the economy rather than having the government take the money.
It's more complex than that.
People with money need to invest it.
That money is going somewhere.
If they don't invest in corporations they might choose real estate. Real estate investment is important, too.
Americans feel better about investing in the USA than overseas.
Smart people know we have to pay for the country and they know we have not been paying enough.
And money is not the only consideration when they think of where they wanna live.
Sure, if you 'get a better deal,' it may seem appealing to leave the USA.
But people who do that are leaving a lot behind. Family, heritage, memories, a part of themselves.
Personal Ignore Policy PIP: I like civil discourse. I will give you all the respect in the world if you respect me. Mouth off to me, or express overt racism, you will be PERMANENTLY Ignore Listed. Zero tolerance. No exceptions. I'll never read a word you write, even if quoted by another, nor respond to you, nor participate in your threads. ... Ignore the shallow. Cherish the thoughtful. Long Live Civil Discourse, Mutual Respect, and Good Debate! ps: Feel free to adopt my PIP. It works well.
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