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Topic	GOP plan is to bankrupt states and cities, I guess
Questionmarktarius 07/20/20 5:08:55 PM #15:	lilJoe457 posted... Do you know how much debt New York and California have from constant social programs and the constant borrowing of fake money? It's actually worse than that. Wealth is always more mobile than poverty. Increasing taxes leads the wealthy to just leave, resulting in a smaller smaller amount of revenue to fund utopian ideals, which leads to higher taxes, which nudges the next wave of slightly-less-wealthy to leave. Repeat this death-spiral until Detroit happens. The entire state of Illinois is probably next. <cite>Questionmarktarius posted [p:942363567] in GOP plan i... [t:78859974]...</cite> <quote>lilJoe457 posted... </cite> <quote>Do you know how much debt New York and California have from constant social programs and the constant borrowing of fake money?</quote>It's actually worse than that. Wealth is always more mobile than poverty. Increasing taxes leads the wealthy to just leave, resulting in a smaller smaller amount of revenue to fund utopian ideals, which leads to higher taxes, which nudges the next wave of slightly-less-wealthy to leave. Repeat this death-spiral until Detroit happens. The entire state of Illinois is probably next. </quote> ... Copied to Clipboard!
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