Re:Pooling and Sharing of wealth make everyone's wealth grow...
by carlmr on Saturday September 02, 2023 @08:09AM
(#37360767)
>Yet, politically the idea gets simplified to lowering taxes will always increase revenue which is false.
Also this usually works short-term because companies and people still have the infrastructure from previous government spending.
When that infrastructure inevitably crumbles because the taxes don't suffice to support it 10 years down the road, it's too late, the infrastructure needed to create new businesses will be missing, leading to a downward spiral for the economy.
Also this usually works short-term because companies and people still have the infrastructure from previous government spending.
When that infrastructure inevitably crumbles because the taxes don't suffice to support it 10 years down the road, it's too late, the infrastructure needed to create new businesses will be missing, leading to a downward spiral for the economy.