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RE: What Would Happen if Everyone Were Given 1 Million Dollars?

in #money7 years ago

I'm convinced that if everybody got a million dollars at the same time, the ones that would emerge even richer after the inevitable destabilization would be the generally the same people who were richer before it and the gap would most possible have become larger, not smaller.

and still, people don't seem to get this simple fact.

You could do this by taxing the wealthier more instead of less and by using those additional taxes for public goods like free health care, free education, public infrastructure and so on

if you tax the wealthier then you widen the gap. The build up corporations, raise costs, drop salaries and fatten their bonuses to cover for the loss. The poor always pay the extra taxing of the rich. this is why they get richer.

That's a bit of a falsity (or purposeful oversimplification of course)

it was to show how things can get if money became a non-issue.

I like your answer about the proton. I will send you the 5SD once I get a payout.

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if you tax the wealthier then you widen the gap. The build up corporations, raise costs, drop salaries and fatten their bonuses to cover for the loss. The poor always pay the extra taxing of the rich. this is why they get richer.

I'm not so sure I'm convinced of that, but I'm also not so sure it's the other way around either. I guess I think that the rich are likely to keep getting richer regardless of the exact tax burden they have to carry. What's important for a society is to keep as many people as possible out of poverty and a version of the free market that allows for upward mobility and larger middle class. Having a well-funded social programs, free health-care and education seems like a good way to go and there is no way to pay for something like that besides taxes. I for sure don't see a logical reason for the richer people to pay a lower tax rate. I also don't see a reason to think that anybody that's trying to pay as little taxes are they can is a villain or something as everybody acts and is expected to act in their own interest, so I'm certainly not saying screw rich people. But, yeah, that's a huge discussion and I certainly don't think I have all the answers ;)

I like your answer about the proton. I will send you the 5SD once I get a payout.

I'm very happy to hear that and it's an honor. :) A payment for just a comment under your post is a very generous thing! Or course, I would have commented either way as I really enjoy thinking about this issues and it's easier to start from an interesting post as a basisthan to come up with original stuff :P

You can search the law. Ask people who have corporations in America and they will reassure you.