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TopicPeople are naive for thinking that taxing the rich incentivizes them to pull out
MutantJohn
10/20/20 11:37:47 PM
#1:


I've been seeing a common way of defending not taxing the rich. The summary of the thesis is that raising taxes on the rich will cause them to divest their money somewhere else, pass costs down to consumers, and cut jobs.

I guess my question is, what makes them think the rich aren't already actively doing this in the first place?

If your job could be cut, it would.

If "the rich" were able to divert their money into other places that's more favorable, they would.

If they could charge you more for something, they would.

The argument shows an odd amount of naivete and sympathy for those that have climbed to the top. While I'm not denying the merits of hard work, it seems odd to believe that the only thing keeping their "benevolence" around is a lack of taxation.

It also shows how a collective few can easily hold our economy and our lives hostage.

This is not the democracy that the founding fathers had in mind!

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"Oh, my mother; oh, my friends, ask the angels, will I ever see heaven again?" - Laura Marling
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