Re:FDIC set to take First Republic Bank into receivership
by an-allen on Saturday April 29, 2023 @05:39AM
(#35751474)
Justin, I don't know who you are but Iām so glad you are there. Ive be bombarded with tax the rich posts on a variety of my news outlets and theres always this echo chamber of supporters who are incapable of understanding that taxes just end up bloating the inefficiency of governments. If we really are about taking wealthy folks money, we are much better off if that capital enters the economy without government clipping the ticket.
Here is Elon Musks 1 billion dollars in taxes. With his 1 billion dollars we can fund a wide ranging web of wasteful bureaucrats, or we can let Elon use his 1 billion to fund a capital project that generates jobs, technological advances, and builds a product that can be exported worldwide so that there is a positive impact on GDP. I prefer 1 billion of Elon capital projects over 1 billion of government programmes Every. Day. Of. The. Year.
Here is Elon Musks 1 billion dollars in taxes. With his 1 billion dollars we can fund a wide ranging web of wasteful bureaucrats, or we can let Elon use his 1 billion to fund a capital project that generates jobs, technological advances, and builds a product that can be exported worldwide so that there is a positive impact on GDP. I prefer 1 billion of Elon capital projects over 1 billion of government programmes Every. Day. Of. The. Year.