taxing wealth instead of work is also an economically sound decision if you want to boost productivity and your economy’s revenue.
As a general rule, when taxes on products are lower, that means these products cost less to the consumer, so consumers buy more of it [rule of supply and demand, also speaks about the connection between price and traded quantity]. So there’s more revenue and more products sold, which boosts production.
For sure and what always get deliberately left out of the productivity metric is that, wrapped up in those figures, we include how much money has to be paid out to lazy landlords and workshy shareholders in order to get an hours work from a British person.
Essentially, the financial obesity of the super wealthy is crushing everyone below them and stifling productivity, ruining the productivity metric.
taxing wealth instead of work is also an economically sound decision if you want to boost productivity and your economy’s revenue.
As a general rule, when taxes on products are lower, that means these products cost less to the consumer, so consumers buy more of it [rule of supply and demand, also speaks about the connection between price and traded quantity]. So there’s more revenue and more products sold, which boosts production.
For sure and what always get deliberately left out of the productivity metric is that, wrapped up in those figures, we include how much money has to be paid out to lazy landlords and workshy shareholders in order to get an hours work from a British person.
Essentially, the financial obesity of the super wealthy is crushing everyone below them and stifling productivity, ruining the productivity metric.