pokoko said:
That's not an absolute argument. Certainly some of it returns to help the economy but not all of it does by any means. How many trillions are sitting in offshore tax havens? How is that helping the economy? They're not even paying taxes on it. I once watched an interview with a Republican bank executive, a man who served in Reagan's administration, who said he didn't want a tax break because a few thousand dollars to him wasn't even worth his attention. He said he'd just give it to his secretary to put in his bank account to draw interest. That's basically dead money. There are a lot ways in which money is simply used to make more money without contributing to the economy in meaningful ways. Banks make trillions of dollars simply by moving money around. Look at the way people play the stock market, totally circumventing it's intended purpose as an investment platform. It's impossible to say that wealth is being redistributed at a healthy rate when an enormous amount of that money is just going into accounts because a small percentage of the population has more than they could possible ever spend. The system is broken and getting more broken every year. |
Ofcourse, but such generalisations as captain explosion makes have no grasp on reality.
