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FOR THOSE WHO WEREN'T PAYING ATTENTION IN ECONOMICS CLASS: WHEN POOR PEOPLE EARN MONEY, THEY SPEND IT AND BOOST THE ECONOMY. WHEN RICH PEOPLE EARN MONEY, THEY STASH IT AWAY IN OFFSHORE ACCOUNTS, WHERE IT DOES NOTHING BUT GATHER INTEREST. TAX THE WEALTHY.

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FOR THOSE WHO WEREN'T PAYING ATTENTION IN ECONOMICS CLASS: WHEN POOR PEOPLE EARN MONEY, THEY SPEND IT AND BOOST THE ECONOMY. WHEN RICH PEOPLE EARN MONEY, THEY STASH IT AWAY IN OFFSHORE ACCOUNTS, WHERE IT DOES NOTHING BUT GATHER INTEREST. TAX THE WEALTHY.
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The_Icarian (the_icarian@federated.press)'s status on Sunday, 13-Apr-2025 03:36:38 JST The_Icarian

Tax cuts for the wealthy that are sold as way to "stimulate" the economy are BS.
The rich won't run out and begin creating businesses and hiring people. Why would they?
They're already spending as much money as they want -- they're RICH.

In conversation about 7 months ago from federated.press permalink