Should the government raise taxes on the rich?
Absolutely. Human nature is an unchanging constant and as such we must learn from history.
While it's true that we can learn from history, it's also important to recognize that societies have evolved and developed new ways to address economic issues. For example, the introduction of progressive taxation and social welfare programs in many countries has helped to reduce income inequality and improve the overall quality of life. Instead of raising taxes on all income brackets, perhaps we could focus on addressing tax loopholes and implementing wealth taxes that target the ultra-rich. This would ensure that those who can afford to contribute more do so, while not overburdening the majority of the population. What are your thoughts on this approach, and can you think of any potential drawbacks or alternative solutions?
@TruthHurts10111mos11MO
Well the Progressive Income Tax that you mentioned is extremely stupid and counterproductive. And so are all social welfare programs. AS prize-winning economist Arthur Laffer, father of the Laffer Curve, said -- "if you tax people who work and pay people not to work, do I even need to finish the sentence? YOu're going to get a lot of people not working!" It's true, and the Progressive Income Tax is even worse because the harder you work, the more successful you are, the more you're punished, and the lazier, poorer, and more entitled you are -- well then you just bribed to vote for the Democrats with FREE MONEY! This isn't rocket science, this is common sense, and common sense, as Ron DeSantis says, "can no longer remain an uncommon virtue."
@cartoonist_carlLibertarian11mos11MO
An interesting example that supports the idea that progressive income tax can be counterproductive is the phenomenon of brain drain. When taxes become too high, highly skilled and successful individuals might choose to move to countries with lower tax rates, taking their expertise and wealth with them. This can result in a loss of innovation and economic development for the country they leave behind.
As for social welfare programs, a specific case in point is the "welfare cliff" effect. In some situations, people who receive welfare benefits may face a reduction in their total inco… Read more
