Without incentives to increase wealth, how do you encourage people to create jobs? Capitalism with wealth limits? Then you decrease innovation and company growth (jobs). Put upper limit percentages on income? Tied to profitability? Set upper/lower income limits per industry?
Economics is a moral issue. 2017 $2 trillion tax cut gave 86c of every $ to the richest, continuing the massive transfer of wealth - polite words for theft - that causes so much suffering in America today. Wealth inequality is responsible for the kind of despair that kills people
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What you’re arguing is trickle down economics: that if we give more money to the richest that they will create jobs. It was supposed to lift all boats but it didn’t. It destroyed our middle class. It’s when taxes on the richest were much higher that we had a thriving middle class
Jul 15, 2020 · 10:50 AM UTC
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