The only people it’s worth it for are the connected billionaires who can scoop up assets cheap while the rest of us end up as serfs.
The only people it’s worth it for are the connected billionaires who can scoop up assets cheap while the rest of us end up as serfs.
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And there we go… I must not know anything about economics because you’ve been fed convenient models that justify the decision to cut taxes, and I’m not quoting them back to you
And FYI, I even added a side note about this - want to know some tax avoidance strategies that I like? R&D. Higher wages and benefits to compete over talent. Fancy offices and better equipment. Swag and giveaways to capture customer loyalty
This is why fuck “fuck economics”. I tell you it worked, we had a less inequal society, and you come back with “well, cutting this raised tax revenues”.
Of course it did - it let the wealthy open up a spigot from companies to their portfolios, and the government gets a portion.
It incentivized slashing corporate spending, but corporate spending is good - it’s money flowing back into the economy. Even if they keep it in a slush fund, at least that fund will offset loans needed to expand or weather a storm - loans that also funnel money upwards and essentially force companies to pay a tax to the rich to continue to exist
But please, keep dismissing everything I say as “they just don’t understand economics”. No, I understand it well enough to know that what I was being taught didn’t add up
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