Thursday, February 7, 2019

as ted is a sophisticated financial expert, he surely understand that if you taxed poor people at...really at all....then they wouldn't be able to buy anything and the economy would collapse. then, stocks would fall, and his hard done by parasitic upper class would have to get jobs - with wages so low that they can't pay taxes.

if there's a structural problem here, and i'm not convinced there is, then it doesn't help to get the rich angry at the poor.

the problem is that wages are too low. if you support policies that boost wages, then you pull people into higher tax brackets.

but, it's just an accounting trick, at the end of the day, because the monetary system is circular - it doesn't really matter if you force employers to pay out or you send people checks. what's important is making sure that poor people have enough money to spend.

https://business.financialpost.com/personal-finance/taxes/trudeau-is-right-40-of-canadians-dont-pay-income-taxes-which-means-someone-else-is-picking-up-the-bill