Reply to post: Re: So...

EU will have agreed a tech tax by March, says French finance minister

LucreLout

Re: So...

That is unquestionably what has been happening in the last 35-40 years.

That isn't remotely what has been happening. Not at all.

Person A creates somethign and sells it for profit. Person B buys that thing and so makes no profit. Wealth accrues to those creating it by offering services or goods with which other people buy it. The value add is the new wealth, whether that value was in digging it out of the ground or in making something someone else dug up into somethign useful. Or just singing a song.

Wealth accrues to those that value it and that create it. Those that spend whatever they earn will accrue no wealth. How could it be otherwise?

And lets just shoot the "can't afford it breadline" fox before anyone sets it running. Everyone earning more than minimum wage is earning more than is required to live on and so has disposable income available that they coudl invest for profit rather thans pend for fun. It's a choice. Nothing more.

I KNOW that tax... is indeed to redistribute

No. Tax is to pay for essential services, facilities, and equipment. Nothing more. Redistribution is neither helpful to anyone nor is it desireable. The envious may think they want it, but they won;t when they realise it means giving away what they have to someone that has less. There's always soemone with less.

But given that currently the tax playing field is by design tilted towards the ultra-rich, I would like to see that playing field tilt the opposite way for a while before settling into a neutral balance.

Good luck.

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