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by MisterBastahrd 3098 days ago
Yes, I'd rather them blow all their money on yachts. Because then their money would be entering the economy where it would be used to pay for goods and services and employees.

You know what happens to the money when the government taxes an estate?

That money gets put back into the economy in the next calendar year. While it might be good for individuals to have savings, it's better for the economy when money gets spent. The reason that Gary Cohn got so many shrugs when he asked CEOs how many of them would expand businesses with the money from the tax cuts is simple: they hire more people when they have more demand. Making rich people richer or giving rich kids more of their parents' wealth does jack shit for the economy.