RE: Who will swallow the Corona virus debt? The rich or the poor?
December 1, 2020 at 3:07 pm
(This post was last modified: December 1, 2020 at 3:17 pm by The Grand Nudger.)
The rich aren't leaving. That's a threat for effect, not something that they actually do. The rich absolutely do have to sit there and take our taxes if they want access to the system that made them rich...which they emphatically do. That's why batshit threats like that come up, not because they'll do it, but because it negotiates the price down.
As far as who pays what and how much. Let's do some math. Say we live in Grand Nudgerstan, tax rate is 70%. The rich make 100 a day, the poor make 10. Who can afford to buy dinner with what's left of their income after taxes? Obviously, irl, the disparity is greater than 1-10 in earnings..but it's even worse because the percentage of income paid is higher the poorer you are, not lower. To the extent that this is a poorly implemented system with the inexorable consequence of the rich getting richer while the less rich get poorer and the poor become....statistical non entities, is as far as the idea that taxation creates poverty can be stretched to include. Some poverty (and ultimately all poverty - I'd say) comes down to base resource disparities, but some of it is imposed.
As far as who pays what and how much. Let's do some math. Say we live in Grand Nudgerstan, tax rate is 70%. The rich make 100 a day, the poor make 10. Who can afford to buy dinner with what's left of their income after taxes? Obviously, irl, the disparity is greater than 1-10 in earnings..but it's even worse because the percentage of income paid is higher the poorer you are, not lower. To the extent that this is a poorly implemented system with the inexorable consequence of the rich getting richer while the less rich get poorer and the poor become....statistical non entities, is as far as the idea that taxation creates poverty can be stretched to include. Some poverty (and ultimately all poverty - I'd say) comes down to base resource disparities, but some of it is imposed.
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