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by SR2Z 111 days ago
This is just painfully and obviously not the reason why childcare is so expensive now. Labor costs are higher these days (Baumol's cost disease), regulations have become more strict because we are more protective of our children, and multigenerational living has declined.

Taxing the rich is great but it's not gonna fix any of those.
1 comments
vinyl7 111 days ago
Taxing the rich means that there are fewer people with absurd money, which means businesses won't have many customers at such high prices. It's like McDonalds charging $5 for a quarter of a potato. They're hoping that the lost sales from the poors at such a high price is made up by fewer high priced purchases by the rich.

If even the rich couldn't or didnt want to afford $5 quarter potatoes then they'd have to lower the price

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SR2Z 110 days ago
Do you think that billionaires are buying a meaningful number of large fries from McDonald's? That's... well... good luck with that.
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