How would that effect the economy? And yes I am in favor of taxing the rich so much into the poor house.

  • nandeEbisu@lemmy.world
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    15 hours ago

    If that same income was spread out amongst people in low paying jobs, they would be spending that money on rent, food utilities, and going out. There are a lot more of them so they will each have less to save which means the money is circulating more and stimulating a larger part of the economy.