‘Socialism for the rich’: the evils of bad economics

Re:‘Socialism for the rich’: the evils of bad economics by YmiYugy on Sunday March 20, 2022 @09:12AM (#30742344)

Intersting article. I would criticise the premise of the Laffer Curve even more harshly. The assumption that no one would work at a 100% tax rate is simply ludicrous. Billions of people do some form of unpaid work or volunteer.

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Re:‘Socialism for the rich’: the evils of bad economics by withaplomb on Sunday March 20, 2022 @12:06PM (#30743823)

Volunteering doesn’t usually help those people build wealth though. If they could build wealth in that time instead, that would lower wealth inequality

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Re:‘Socialism for the rich’: the evils of bad economics by kar5pt on Tuesday March 22, 2022 @11:08AM (#30766973)

If they're volunteering in their local communities, that builds the collective wealth of the community I'd argue this is a kind of wealth (or should be).

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