Maybe I’m getting more right-wing as I get older, but I really feel strongly about taxation all of a sudden. I’ve realized that the way people support each other and rise up economically depends entirely on the rich being able to hold onto their money and spend it as they wish. If the Government taxes the rich this is what happens:
The Rich tighten their belts and don’t splash out on luxury things like art.
Artists cant start or maintain a career.
Canvas makers and paint makers struggle. Art shops go out of business.
People who run the art shops or were previously employed in art industries are made unemployed. They have less money to spend on things like coffees.
Coffee bars profits run low. Low wage workers in coffee bars are made unemployed.
In effect, it’s the rich KEEPING and SPENDING their money that keeps the economy going and helps the poor. Taxing them just halts social mobility, and everything stagnates.
Maybe I should move to Jersey…?
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