Degrowth

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Discussions about degrowth and all sorts of related topics. This includes UBI, economic democracy, the economics of green technologies, enviromental legislation and many more intressting economic topics.

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MrMakabar

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Trickle Down Economics (eupolicy.social)

submitted 3 months ago by MrMakabar to c/degrowth

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[–] MrMakabar 5 points 3 months ago (2 children)

The problem is that the rich mainly make money from capital. Hence the lack of tax makes them even richer. Just removing taxes for the poor, would collapse government services, which in many ways protect them from the rich, while the rich would still see their wealth and power grow. Welcome to a disaster.

So tax the rich first, then lower taxes for the poor.

[–] primrosepathspeedrun@lemmy.world 3 points 3 months ago

arguably, government services protect the rich from the poor in far more ways than the poor from the rich.

look at bismarck's appropriation of mutual aid programs to undercut and poison socialist movements. he talked about this a bit.

[–] C126@sh.itjust.works 1 points 3 months ago* (last edited 3 months ago)

Just getting 30% of our income back from eliminating social security tax would probably help. Those "services" are a scam. My friend works in government. She gets yelled at if she works one minute past 4 and her entire job is to ensure all the money is spent, no matter how frivolously.