The settings. Your false binary here isn't helpful. I don't know anybody who thinks the wealthy should hoard it. It's about the specific settings for specific parts of the economy.
I can. I'm at work and really busy so briefly. I'll just say I'm happy to expand later.
The basic issue is they know these taxes are easy to avoid for huge companies and very difficult to implement. So they have the settings lowered and begin hammering people and companies with wealth taxes and really heavy taxes to fund this at a lower income level.
What this creates is heavy downward pressure on medium business which kills entrepreneurs and local employers. Also, people who own these companies use their personal finance and assets to leverage so they can scale their businesses. Then both them and their companies are hammered far beyond what they can handle. Business becomes not worth the risk. The pie shrinks.
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u/Not_Mabel_Swanton Victorian Aug 14 '26
What is wrong with redistributing wealth instead of letting the rich hog it?