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If taxes are just "deleting" money out of existence, what's the functional difference between taxing the rich at a higher rate, and simply paying the poor more generously? Like, would it be possible to get rid of inequality by paying everyone enough such that everyone is a millionaire?
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Jan 25, 2019 00:33
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LuciferMorningstar posted:In the short run, yeah, you could. I assume the long run outcome would likely be somewhere between "economic collapse" and "now, but the numbers are 100 times larger." Helsing posted:
These posts were helpful, and answered my question. Thanks! One other followup, then, because this is really interesting to me, and as an economic layman I'm just sort of speculating, or shooting from the hip. Say some hypothetical country A then artificially puts a ceiling on prices so the rich couldn't outbid everyone? What would happen? Like is inflation really a problem still?
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Jan 25, 2019 04:34
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Man, being able to pay taxes in bushels of wheat, amphorae of oil, or bales of sheep wool was the best. I miss the good old days. 
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Jan 25, 2019 22:56
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