Re:The West Forgot How to Make Things. Now It's Forgetting H...
by ryandrake on Monday April 27, 2026 @09:51AM
(#47921561)
> I responded to the zero sum theory in another reply.
You have ~40 responses in this thread in defense of billionaires, not sure which one exactly you're talking about.
Re:The West Forgot How to Make Things. Now It's Forgetting H...
by WalterBright on Tuesday April 28, 2026 @01:57AM
(#47930863)
See my posts saying that wealthy people create wealth, they do not transfer it. The transfer theory is the zero sum theory.
I responded to the zero sum theory in another reply.
I'll just say that every country that decided to get rid of its wealthy people wound up poorer, a lot poorer.
For a specific example, Massachusetts has a luxury yacht industry. The government decided that they wanted to tax the wealthy, and slapped a hefty tax on yachts. The billionaires simply took their yacht buying elsewhere, and the yacht industry collapsed, costing thousands of highly paid jobs. The government rescinded the tax.