redeggplant01 t1_j72rxcz wrote
Reply to comment by BelichicksBurner in https://www.sentinelsource.com/news/local/statehouse/nh-bill-would-reverse-plans-to-end-dividend-and-interest-tax/article_b6c3a960-b863-5960-b0dd-0fcb8104b568.html by BelichicksBurner
> TRICKLE DOWN ECONOMICS DOESN'T WORK.
Yes it does
Wealth is property and the amount accumulated by one person is not the business of any other person and it is only in jail that wealth fairly distributed
Nor is wealth hoarded. it does one or more of 3 things
The rich will place their wealth in the banks which is then loaned out by the banks which in turn creates new jobs
The wealthy will invest their wealth in some other industry through stocks/equities which again will create new jobs
The wealthy will spend their wealth on their own consumption which in turn also creates new jobs
That's is the trickle down theory and it works fine
THE PROBLEM THE LEFT WHINES ABOUT BUT DOES NOT UNDERSTAND, is that government has inserted itself because it thinks it knows better then the market where wealth should flow.
Through policies of theft ( taxation ), prohibition, state granted monopolies, subsdies, and regulations, it has stifled the flow of wealth and thus the poor suffer for it
BelichicksBurner OP t1_j72svv4 wrote
https://www.businessinsider.com/history-of-tax-rates
Learn up. Unless business insider is too left leaning for you, smart guy.
redeggplant01 t1_j72uj0x wrote
The US had schools, Paved Roads, Army, Navy, Colleges, and other services that existed before the Income Tax [ 1913 ] AND Corporate Tax [1909 ]
Taxes [ theft ] only exist to fund policies to push a nation into socialism [ serfdom ]
https://www.aei.org/wp-content/uploads/2017/04/Taxed.jpg?x91208
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