[philipwhiuk]

This is basically an inverted 'trickle down economics' argument which has been shown time and again to be bunk.

Taxing rich folk more doesn't hurt poor people who don't pay those taxes.

[mathverse]

Who is the rich folk? Because any tax increases I have experienced so far affected me and I dont feel rich at all.

[jacknews]

That would be shareholders. ie profits accruing from other people's hard work should be taxed heavily.