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10 sats \ 4 replies \ @denlillaapan 17 Jul \ on: If We Taxed Billionaires, Could We Balance the Budget? econ
no.
There's not enough of them, and they don't have enough wealth
"Eating The Rich Won’t Feed the Beast" https://thedailyeconomy.org/article/eating-the-rich-wont-feed-the-beast/
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14 sats \ 1 reply \ @Rothbardian_fanatic OP 17 Jul
Perhaps the main point is is that to eat the rich, you would be also eating their businesses, thus disemploying their employees. That just makes everyone poor and miserable.
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0 sats \ 0 replies \ @denlillaapan 17 Jul
I discuss it in the Daily Economy piece linked
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10 sats \ 1 reply \ @SimpleStacker 17 Jul
It's not just that, but they probably have the most elastic wealth as well
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0 sats \ 0 replies \ @Rothbardian_fanatic OP 17 Jul
Perhaps the wealth is only as elastic as the company they run. Take the stock and shut down the company and there is no more wealth and a lot of newly unemployed. But, eat the rich, anyway! :)
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