Someone with a lot more intelligence is going to have to tell how removing the flow of wealth from a free and kinetic market is going to strengthen it. This is what killed the market in 1929 when the wealth no longer covered the large bank loans along with going along with low wages, the proliferation of debt, and a struggling agricultural sector.
All these have been targets of the left using inflation, printing non-coverable money, and the agriculture is failing because of a result of several factors like governmental intervention in labor, land, and credit markets; lack of Infrastructure; small size of land holdings; poorly maintained or non-existent land records; inadequate use of modern technology; illiteracy; inadequate finance and marketing services for farm produce. And they all vote lib to make these things happen.
wy69
Someone with a lot more intelligence is going to have to tell how removing the flow of wealth from a free and kinetic market is going to strengthen it.
Higher tax rates can encourage risk and investment. Again, I don’t like the model but it does encourage a lot of spending activity. But very little wealth building activity.
The problem is that most business don’t have to worry about higher taxes. They are not making any money.