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Topic'Billionaires shouldn't exist', Bernie Sanders says as he introduces tax plan.
gloBal enemy
09/25/19 7:51:21 AM
#140:


LightningAce11 posted...
Most people will never be billionaires, why are they so personally offended by this?


On one hand, it's about aspiration and trying to avoid having a culture of tall poppy syndrome.

On the other, indirectly, to assume that the increased revenue that the government/tax authority receives from this would correlate with a corresponding increased level of government expenditure/services in ways which improve the day to day life of individuals is naive. And that's before we take into consideration that this could simply lead to an outflow of capital/resources and a reduction in investment which has flow on effects to economic activity/jobs/etc.

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If you can understand this, I'm 2/cosC for you.
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