Re:What if incomes grew like GDP?
by devdas on Wednesday December 23, 2020 @01:59AM
(#25515178)
Having wealth does influence the ability to spend money and work on things like regulatory capture rather than productive investments.
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Wealth doesn't, income does. If I buy a car and work on it to add $1000 to its value, I've increased my wealth but have not changed my income or purchasing power until I realize those gains, at which point my $1000 income is taxed (as it should be)