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 Originally Posted by Sasquach991
So if the rich don't invest in a bad economy then you raise their taxes to try to force them to invest so they will be in a lower bracket.
The economy is bad because they have too much of its money. At every given point we're dealing with finite wealth in an economy, and since the economy churns only on cyclical consumption, when there is lack of demand it's because there's too much wealth stuffed away in pockets of the system not contributing. The rich are currently richer than they have ever been. That is why the economy is so shitty. They are holding onto the very wealth that is needed to run the economy via cyclical consumption
What if they decide to cut costs by laying off employees, or reduce income by closing stores?
Then they would be terrible businessmen. But the the evidence has shown that when the rich have a smaller portion of the pie, businesses actually thrive due to more customers spending more money.
Greed? When someone will not do with THEIR money what you want them to do then they are greedy? No sale there.
Be sure to not impose things like morality onto economics. Economics is a mathematical and behavioral system. Moral ideas like ownership are afterthoughts and facets of the system. I mean, I guess you could claim moral ideas are paramount, but don't pretend you're referring to economics then. The fact is that if you want to run an economy, you have to run an economy
Also, the greed I was referring to was the stuff that makes the corruption and bribery
Of course all tax dollars are spent. It's not their money. It's easy not to be greedy with other people's money. If you lower taxes on the rich will they be more or less likely to hoard?
They have and will be more likely to hoard. We've been running the same dysfunctional "give the rich more" econ strategy for four decades now. And things have only gotten worse for everybody else. Much worse, in fact.
Seems a bit greedy to try to tell other people to do with their money regardless of how much they have.
Well that's not what greed is. Such irony in being able to claim trying to stamp greed in exchange for fairness as itself greed
Bill gates worked a "little bit"? Really?
He most certainly never worked harder than my father. Or my brother-in-law. Or me. Or most normal people
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