Re:The Worst Hyperinflations in History: Hungary in 1946 (2014)
by mywittyname on Wednesday February 14, 2018 @12:52PM
(#16377688)
Discriminatory tax policies are very effective at enriching the wealthy.
If you think about it, being rich or wealthy is really just having a disproportionate share of the economic output of a region. You increase this share by taking in more money from other people than you spend. Most of the time, this happens through returns on investments, but getting the government to tax someone else more than they do yourself achieves the same result (more relative assets).
This is part of the reason lobbying has such a great ROI for companies.
If you think about it, being rich or wealthy is really just having a disproportionate share of the economic output of a region. You increase this share by taking in more money from other people than you spend. Most of the time, this happens through returns on investments, but getting the government to tax someone else more than they do yourself achieves the same result (more relative assets).
This is part of the reason lobbying has such a great ROI for companies.