Re:Evidence from leaked account data on how elites use offsh...
by modo_mario on Thursday May 20, 2021 @06:56AM
(#27219589)
>You're overcomplicating this.
You're oversimplifying this but even when just sticking to the core of your point i strongly disagree.
>Start here. Less taxes == more money is staying and reinvested in the local economy for the good of everyone.
Not really. Want to stimulate the economy with reinvestments? Dis-incentivise stock buybacks and the like, tax hard. Companies and people don't like to pay taxes. How do you avoid taxes as a company or owner? By having less profits trough reinvestment in R&D, growthprojects and wages.
Tax less and you reduce the incentive to reinvest into the local economy.
"The lower the tax - the more money will stay and will be reinvested into the local economy."
Start here. Less taxes == more money is staying and reinvested in the local economy for the good of everyone.
Bonus: more money start coming in from other jurisdictions that are abusing their productive citizens and businesses with exorbitant taxes.