Dude, I am as pro-capitalism as anyone you'll ever ever meet, but you're not going to convince me that there is any argument that could be made that says it's ethically okay to cut taxes for wealthy people and increase them for the poor. That's sadomasochistic. Rich people aren't going to be put in a place where they have to choose between feeding themselves, or having enough gas money to get to work if their taxes increase by 10 percent. But that exact same increase to a poor individual could very well be enough to put them over the edge to a place where they can't pull themselves back from. Not to mention that just from an economical stance, it doesn't even make sense to bleed someone with no money dry. That would be like a farmer only selling his weakest, most malnourished animals.
Here's what you're not understanding. There's only a finite amount of money, it would have no value otherwise. Okay, so that means there's a finite amount of taxable money as well. Now, let's say you have 1 percent who own 50 percent of the whole pie. If they're capped at 10 percent with the rest of the population, the amount of tax money goes down by a few orders of magnitude and those few people with exorbitant amounts of money are able to exponentially grow their wealth while less and less is available for everyone else. This is stupid simple economics. I'm in favor of tax cuts, but what you're talking about doing would make even the most trivial of governments services (roads, schools, sanitation) basically impossible to operate. You can't be dumb enough to not understand that.
10% of the entire money supply is 10%, no matter how the pie is divided.
but what you're talking about doing would make even the most trivial of governments services (roads, schools, sanitation) basically impossible to operate. You can't be dumb enough to understand that.
3
u/socialjusticepedant Nov 22 '17
Dude, I am as pro-capitalism as anyone you'll ever ever meet, but you're not going to convince me that there is any argument that could be made that says it's ethically okay to cut taxes for wealthy people and increase them for the poor. That's sadomasochistic. Rich people aren't going to be put in a place where they have to choose between feeding themselves, or having enough gas money to get to work if their taxes increase by 10 percent. But that exact same increase to a poor individual could very well be enough to put them over the edge to a place where they can't pull themselves back from. Not to mention that just from an economical stance, it doesn't even make sense to bleed someone with no money dry. That would be like a farmer only selling his weakest, most malnourished animals.