this post was submitted on 23 Oct 2023
150 points (98.7% liked)

Hacker News

4123 readers
3 users here now

This community serves to share top posts on Hacker News with the wider fediverse.

Rules0. Keep it legal

  1. Keep it civil and SFW
  2. Keep it safe for members of marginalised groups

founded 1 year ago
MODERATORS
 

There is a discussion on Hacker News, but feel free to comment here as well.

you are viewing a single comment's thread
view the rest of the comments
[–] grayman@lemmy.world -1 points 1 year ago (2 children)

What happens to money when you tax it at a high rate? It moves to another country.

You can't tax a country into prosperity.

[–] Moneo@lemmy.world 4 points 1 year ago (1 children)

Guess we'll just have to trust good ol trickle down economics!

[–] grayman@lemmy.world -2 points 1 year ago

Yeah we should totally just tax everyone making over 500k at 100%. That will solve all govt funding problems and finally allow the govt to socialize everything. I'm sure the utopia is just around the corner. Just gotta get those rich assholes that don't pay their share. Modern slavery is in voluntary contracts, not involuntary debt to the state!

[–] zeropublix@lemmy.ml 3 points 1 year ago (1 children)

Idc? That money isn’t getting taxed anyway so they aren’t participating in society so these people might as well gtfo.

Stop. Protecting. Billionaires.

[–] grayman@lemmy.world 1 points 1 year ago (1 children)

Stop pretending that killing them all off in your country will make them disappear or solve the root problems in your society.

I'm not protecting them. I'm pointing out the flawed reasoning.

[–] kmaismith@lemm.ee 2 points 1 year ago (1 children)

Do you have a solution you would propose in stead of a tax that would begin to reverse the growing wealth inequality issue?

[–] grayman@lemmy.world 1 points 1 year ago

Incentives, other regulation. Break up monopolies. Companies pay stupid amounts because they have that kind of money. If they are essentially forced to use money for other things, there won't be enough to keep the company black and pay the CEO stupid money.