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Originally Posted by jsmih
Stupid idea. In the past countries have had 90%+ tax rates. All that happens is the rich either move to a low tax country (Google tax exiles), or have zero incentive to create any more wealth (meaning not grow their businesses so hiring doesn't increase, no research and development spending so new jobs aren't created, etc). Taxation has to be a middle ground of not too much nor too little, which in my mind is no more than a 50% rate.
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this is not how it works...if you want to invest in research or open new factories or create jobs then then is a business expense...BUT if you want to buyback stocks and enrich yourself for pure capitalist buy-my-4th-yacht crap then you get taxed 90%...
also keep in mind that the population would have more money because wealth would be more equally distributed...
Quote:
Originally Posted by Matt 26z
The big question is how does the money at the top get redistributed? If you're doing it through taxes then most likely the government expands and starts providing free services.
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open factories, free education, free healthcare, free housing...I know the brainwashed capitalists will scream "communism" but there is in fact nothing wrong with the government being an actual service for the people and not just a crony gravy train service provider...keep in mind that non-government factories/schools/hospitals/houses still exist...it is not communism in any way it is healthy competition...