Row 50963

Row ID: 50963 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 50963 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

The real question is, who will reinvest that money better: billionaires or states?

Many will argue the fact they are billionaires proves they are good at choosing investments. A valid point.

I would argue states do tend to invest quite well, and keep money in the economy, which again, usually is taxable. Billionaires tend to invest into things that make them money, while states tend to invest in things that benefit society overall. And even if they don’t, the money is flowing into the economy one way or the other.

Not taxing the ultra-rich however removes their net worth from the pool of taxable money. Which, to me, seems quite undemocratic, if not also uneconomical.

The whole point is moot though, since it would only work if everyone agrees. Until then there‘s an incentive to be the one state that doesn’t tax these 2%. And national governments will not agree on it.

FieldValue
text The real question is, who will reinvest that money better: billionaires or states? Many will argue the fact they are billionaires proves they are good at choosing investments. A valid point. I would argue states do tend to invest quite well, and keep money in the economy, which again, usually is taxable. Billionaires tend to invest into things that make them money, while states tend to invest in things that benefit society overall. And even if they don’t, the money is flowing into the economy …
label r/economics
dataType comment
communityName r/Economics
datetime 2024-05-22
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Raw Record

{
  "text": "The real question is, who will reinvest that money better: billionaires or states?\n\nMany will argue the fact they are billionaires proves they are good at choosing investments. A valid point.\n\nI would argue states do tend to invest quite well, and keep money in the economy, which again, usually is taxable. Billionaires tend to invest into things that make them money, while states tend to invest in things that benefit society overall. And even if they don’t, the money is flowing into the economy one way or the other.\n\nNot taxing the ultra-rich however removes their net worth from the pool of taxable money. Which, to me, seems quite undemocratic, if not also uneconomical.\n\nThe whole point is moot though, since it would only work if everyone agrees. Until then there‘s an incentive to be the one state that doesn’t tax these 2%. And national governments will not agree on it.",
  "label": "r/economics",
  "dataType": "comment",
  "communityName": "r/Economics",
  "datetime": "2024-05-22",
  "username_encoded": "Z0FBQUFBQm5Lak1TMnBGeHJmUnVqNy0xd2tkeS0xLTVpYTRGYV9Nbzh6SHpHOXBFWXpmVFU2QzZmSE1waS1ONkJBWVlLdzh2Y05UM0NvejFJdFQ4UUVtNlNZRUNYZEV3eTFGSFF5WG1VUVJIZWtzN1NVWEdBZXM9",
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}
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