Re:How Paul Graham Gets It Wrong in “Economic Inequality”
by innocentoldguy on Monday January 04, 2016 @11:39AM
(#10836527)
What difference does that make, ZenoArrow? Regardless of whether it is oppressive taxes or corrupt government meddling in the rewards of labor, if you steal what rightfully belongs to someone under the guise of "making things fair," those who can will leave.
Re:How Paul Graham Gets It Wrong in “Economic Inequality”
by dinkumthinkum on Sunday January 03, 2016 @04:01PM
(#10832361)
I think you are missing basic principles of economics. Your arbitrary cap on income would move companies and jobs to countries free of weird policies like that.
Re:How Paul Graham Gets It Wrong in “Economic Inequality”
by ZenoArrow on Sunday January 03, 2016 @04:08PM
(#10832398)
If old companies move, new companies would spring up to take their place. The reason this would happen is because the demand is still there. People don't stop buying clothes just because a clothes shop stops trading in their country.
Re:How Paul Graham Gets It Wrong in “Economic Inequality”
by douche on Sunday January 03, 2016 @04:16PM
(#10832436)
They do if the industry leaves, and the wealth creation that that industry provided dries up.
Look at the Rust Belt.
Re:How Paul Graham Gets It Wrong in “Economic Inequality”
by ZenoArrow on Sunday January 03, 2016 @04:22PM
(#10832476)
> "Look at the Rust Belt."
http://www.thedailybeast.com/articles/2014/12/07/the-rustbel...
Re:How Paul Graham Gets It Wrong in “Economic Inequality”
by innocentoldguy on Monday January 04, 2016 @11:41AM
(#10836550)
Why would they? If you knew that the potential rewards for a given business risk would be stolen from you via the government, why would you bother taking the risk in the first place?
Re:How Paul Graham Gets It Wrong in “Economic Inequality”
by dinkumthinkum on Sunday January 03, 2016 @09:20PM
(#10833683)
The people in the Cayman's will successfully fulfill that demand, I don't really understand that point.
Re:How Paul Graham Gets It Wrong in “Economic Inequality”
by ZenoArrow on Monday January 04, 2016 @02:28AM
(#10834422)
Explain how.
Re:How Paul Graham Gets It Wrong in “Economic Inequality”
by innocentoldguy on Monday January 04, 2016 @11:50AM
(#10836618)
Take a basic economics course.
Okay, can you show me some evidence?
> "The Beatles, for example, came to America to avoid the grievous taxes being levied in England. U.S. companies locate offices in more tax-friendly locales all the time too."
Both of those are examples of tax dodges. Maximum wage is different, in that people would be required to live in the country they made their main income in. Sure, you could move to the Cayman Islands, but good luck finding enough work there.
We should be closing tax loopholes too, it's not an either/or situation, we can do both.