News for hackers. Stuff that matters.

A comment on The Story of Apple's $14B Tax Bill. Parent comment

Re:The Story of Apple's $14B Tax Bill by muninn_ on Tuesday December 20, 2016 @03:38PM (#13223685)
(1) Nonsense. (2) Trickle down economics doesn't work.

I would also like to add that a luxury tax is very different than taxing rich people. I am not a fan of luxury tax at all.

[ Parent | on HN ]
Re:The Story of Apple's $14B Tax Bill by paulddraper on Tuesday December 20, 2016 @05:27PM (#13224811)
> Trickle down economics doesn't work.

Trickle up economics (is that what you call a luxury tax?) doesn't work.

> August 1993, the Congress decided to eliminate the “luxury tax” since it did not achieve its main objective...According to the tax's critics, these revenues were disappointing and unsatisfactory and also negatively impacted the incomes of the sellers of the luxury items.

[ Parent | on HN ]
Re:The Story of Apple's $14B Tax Bill by muninn_ on Tuesday December 20, 2016 @05:35PM (#13224884)
Yes the luxury tax is foolish. I Made that comment
[ Parent | on HN ]
Re:The Story of Apple's $14B Tax Bill by Spivak on Tuesday December 20, 2016 @05:00PM (#13224525)
In response to (2) pretend that we weren't talking about wealthy people exclusively. If we were arguing about putting money in the hands of individuals to grow demand would you still disagree?
[ Parent | on HN ]