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re: Bill Gates states that millionaire and billionaires should pay significantly more in taxes

Posted on 2/24/18 at 6:59 pm to
Posted by MintBerry Crunch
Member since Nov 2010
4865 posts
Posted on 2/24/18 at 6:59 pm to
Taxes are not supposed to be a form of redistribution. By thinking that they are, you have just revealed your hand.

Trickle down isn't a working theory. It's called supply side economics. If you lower tax rates, richest people will reintroduce money that is outside of the tax system back into the system. That money will raise government revenue, which is THE WHOLE POINT OF TAXES.

By the way, it just happened. Trump's tax cut resulted in the most revenue the federal government has ever received in the month of January.

Income tax isn't a redistribution scheme, or it isn't supposed to be.

The Left wants taxes to redistribute income. Tax the rich a lot, pass that income directly on to the poor. By that measure, "trickle down" doesn't work in their minds.

Get some Thomas Sowell in your life.

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