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Cake day: January 12th, 2024

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  • 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.