Quote:
Originally Posted by Paul Markham
The rich create jobs, pay way more in taxes and contribute a lot more than the poor to a country. Penalising them for being successful doesn't work.
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this is not how it works.
both parts depend on each other.
and no work can be done without workers and 99% of all existing products would not be bought without them.
donīt get me wrong - i am not a communist or have such ideas in my mind. but look around how the economy works and with WHOM.
since the last crash economy is pumped up with loans to normal and poor people. THEY have been the ones that made the economy hype with the money they have to pay back within the next years.
what happens if they decide now to pay back first and keep the consumption low?
it is not indecent to be rich but it is indecent to enrich oneself with the FUTURE labour of people without returning this money to the cycle and thus creating prosperity.
the initial question is therefore not very easy to answer, especially as a company can generally use the better depreciation possibilities and tax tricks anyway. and thus the rich person pays much less of his income than the average citizen does.
if one would ask me so i would not tax the income but the part of the income that is not spent or borrowed against interest.
interest is pretty much the worst thing people have come up with. so lending money for interest was also frowned upon for many centuries in EVERY society.
through interest not only the exchange medium becomes the commodity but a quantity of money is created which simply does not exist and inevitably leads to inflation.
imagine the following case:
you have apples and i have pears and a third one has potatoes.
I want your apples but you don't want pears but potatoes but the one who has the potatoes wants pears.
for this money was created and the sum of this money represents the value of the potatoes, the pears and the apples. let's say we spend 100 mussels for which we can now exchange everything for each other.
now we lend each other the mussels for an interest rate of 10% - consequently 110 mussels should be there after one year. but these 110 mussels are still the equivalent to our pears, carrots and apples and their quantity has not grown.
interest rates thus FORCE an economy to constantly increase production - no matter if demand or not - otherwise we get into an inflation vortex.
this is also the reason why poor people contribute much more to maintaining the economy because they have so little money that they have to return it completely to the cycle.
i think that this contribution to the maintenance of the system from which the rich profit in the end has a much higher value.
this value will also become apparent as soon as most of the production is automated.
because if you think the thought to the end this would mean that the consumers are without work and earn no money with which they can buy the automatically manufactured products.
the only way out of this dilemma is to tax these robots and give the money to those who should consume with them.
this means that in the end ONLY the rich pay taxes and their business works the better the more taxes they pay.