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by throw10920
274 days ago
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And here we have a double demonstration of both stupid and malicious. > If economy grows by roughly even percentage each year same should be true about government budgets Stupid. For the purposes of this discussion, the government exists to provide services. The cost of those services, in general, decreases with economic productivity. > Otherwise you just leave money on the table for billionaires to scoop up and sit on. Both stupid and malicious. Mind-bogglingly stupid, because that profit isn't just captured by the wealthy, but by all economic classes. Malicious, because you'd rather sabotage the economy than let some people take excess profits based on their wealth alone. |
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You can't with straight face claim that profit is not captured by billionaires but by everybody if economy grows 3% but billionaires wealth doubles in the same period. They not only capture the entire new profit of economy growth but also extract wealth from all other parties including government.