this post was submitted on 30 Aug 2023
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Citation needed.
Citation for what? What do you expect taxes to do?
Citation needed to show that we can't curb inflation by taxing the wealthy but that the only way is to tax low wage workers more.
But let's say you do provide a citation that proves taxing the poor, as close to death as possible, is the only way to make capitalism continue working - then I'd say let's eat the rich because their promises of a better life are only meant for themselves.
More money in the hands of working class people + equal or less of working class goods = essentials worth more
The problem would be that working class people need different stuff than rich people spend/invest a bulk of their money on. If a billionaire can't afford a yacht or a mansion that won't effect the price of bread or single family homes if the working class still has an inflated money supply.
I'm not an economists, nor do I have the solutions to any problems, but I think the above concept is pretty set in stone.
Or maybe instead of building a yacht they would build more public housing. If the workers could decide between the two, then I would think there would be more homes and less mega yachts.