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by smallmancontrov
35 days ago
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This is not only self-serving and/or bootlicking drivel, it's economically illiterate at a level that shouldn't exist outside econ 101 class. Taxes on a transaction are paid by the party with less elasticity / bargaining power, which is, in aggregate, the worker. Also, you didn't address the r>g elephant in the room. |
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Thankfully we are not corn, and every one of us is free to break off and make our own farm (or go to another one). However for the last few hundred years, people have flocked away from having their own farms into just safely dividing cells all day on someone else's farm. It's not surprising that capital concentrates when everyone would rather work for someone else than work for themselves. But at least we have a lifeline, where pretty much anyone can sign up with a broker and buy capital assets in a day.