To help the economy we need to get the people with money, to somehow get that money back into the economy.
There are two ways to do it. Tax them and let the government disperse the money to where they think it should go.
Or have them invest and build new companies, technologies etc. By giving them more of their money back.
Here's the problems with taxing it.
1. Money will get hidden and frozen. There are ways to put money into trust etc.to hide it legally from the tax man.
2. Government is terribly inefficient. For every 100 dollars of money gathered through taxes to give to the poor just over a dollar actually gets into the poors hands. I know it sounds ridiculous, and it is but think of all the overhead involved.
3.Government has a history of investing in things that in the long run cost millions of dollars in future spending. Like light rails etc. Just in Minneapolis it cost tax payers 10 million a year to keep that thing running. It obviously can't support itself. Obama's infrastructure plan is full of this type of stuff.
The alternative is to let the market create steady proven streams of income. Tax revenue actually increases when you reduce taxes because the economy grows so much.
There are two ways to do it. Tax them and let the government disperse the money to where they think it should go.
Or have them invest and build new companies, technologies etc. By giving them more of their money back.
Here's the problems with taxing it.
1. Money will get hidden and frozen. There are ways to put money into trust etc.to hide it legally from the tax man.
2. Government is terribly inefficient. For every 100 dollars of money gathered through taxes to give to the poor just over a dollar actually gets into the poors hands. I know it sounds ridiculous, and it is but think of all the overhead involved.
3.Government has a history of investing in things that in the long run cost millions of dollars in future spending. Like light rails etc. Just in Minneapolis it cost tax payers 10 million a year to keep that thing running. It obviously can't support itself. Obama's infrastructure plan is full of this type of stuff.
The alternative is to let the market create steady proven streams of income. Tax revenue actually increases when you reduce taxes because the economy grows so much.
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