Reply to post: Re: Super rich don't pay salaries either

Should the super-rich pay 70% tax rate above $10m? Here's Michael Dell's hot take for Davos

Dig

Re: Super rich don't pay salaries either

Ahh the true socialist/Marxist view. The one that has worked precisely nowhere ever.

Just giving the people more more devalue the money, this cause inflation meaning the products that were made affordable by giving people more money become more expensive. Meanwhile there is no need to work because you get given the money regardless of work put in No incentive to become an entrepreneur when all money you get is re-distributed to those who did not take the risk. Who runs the businesses then, the government, well history has shown that doesn't really work.

I'm not saying that the sytem can't have tweaks here and there but swinging tax hikes definitely don't work.

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