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by Retric
477 days ago
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Just as a factual matter I think everyone can agree with these three statements: The USSR didn’t actually have economic equality. The US has drastically lower tax rates for capital gains. Finally, arguing for equal taxation isn’t arguing for equal pay. As to my actual argument, I’m saying economic growth is slowed through the economic inefficiency resulting from unequal taxation. The point of economics is to make goods and services people want and capitalism achieves this through investments and exchanges of money. But distorting that feedback loop through taxes unequal taxes on individuals or companies is a distortion. Invest in the wrong things and economic growth stalls. |
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More or less it had. Except for privileged commie bosses everyone poor. "Rich" had cars (!) Having noticeable business was prohibited. Selling own potatoes on flea market, or growing chicken and pigs was fine.
> The US has drastically lower tax rates for capital gains.
In Mass. it's 10% to begin with.
> I’m saying economic growth is slowed through the economic inefficiency resulting from unequal taxation.
Not sure about this. Do you have examples when equal taxation helps?