LogFAQs > #948002903

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Topic	Billionare says government should make everyone millionaires
Lokarin 12/06/20 9:42:54 PM #19:	Kyuubi4269 posted... Poor people spend the biggest percentage of their income, so they are the most valuable in society per dollar, and the more secure they are, the less you need to pay them to get by. This is why higher taxes on the rich (doesn't need to be crippling) helps... lets say you have 2~5 (arbitary) companies producing consumer products... What is the poor people going to do with their new money? Well, buy stuff! If you have the BEST product, the poor will buy from you... this means if you are a billionaire and comfortable in being the best, then functionally you are making your opponent billionaires foot the bill for your own profit. --- "Salt cures Everything!" My YouTube: https://www.youtube.com/user/Nirakolov/videos <cite>Lokarin posted [p:948002903] in Billionare... [t:79155426]...</cite> <quote>Kyuubi4269 posted... </cite> <quote>Poor people spend the biggest percentage of their income, so they are the most valuable in society per dollar, and the more secure they are, the less you need to pay them to get by.</quote> This is why higher taxes on the rich (doesn't need to be crippling) helps... lets say you have 2~5 (arbitary) companies producing consumer products... What is the poor people going to do with their new money? Well, buy stuff! If you have the BEST product, the poor will buy from you... this means if you are a billionaire and comfortable in being the best, then functionally you are making your opponent billionaires foot the bill for your own profit. --- "Salt cures Everything!" My YouTube: https://www.youtube.com/user/Nirakolov/videos</quote> ... Copied to Clipboard!
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