this post was submitted on 19 Mar 2025
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I am not opposed to inreasing taxes necessarily, but people need to understand that the income of wealthy individuals is not used purely for the fulfilment of their needs and wishes. Rich people play a rather important role in allocating and managing resourses(capital) in society, and increasing the taxes will decrease the capability of rich people to invest, which is not ideal.
Also, if the tax increase is percieved to be unfair, rich people can just leave and go to Monaco or Switzerland or any other "rich friendly" country. They are pretty much free to do so and they do it all the time. So increasing taxes will not necessarily lead to more tax revenue if they are increased above what is reasonable.
I am so happy karma is not a thing here btw. I would be in an unenviable position otherwise.
You need to understand wealth as power, and the wishes of the wealthy being to exercise that power over others.
Their role in "allocating resources in society" is controlling the resources of society. But what is "rule" if not "control of the resources of society"? What is democracy if the rich have all of the power over society.
It's a damn lie, is what it is.
Taxation is a demand by the demos to control the resources of society. That is, it is a demand for democracy.
Which means the rich can allocate themselves into a fucking hole, stuff their heads up their own asses, and suffocate.
I understand it. Capital is absolitely economic power. I discussed this in a different comment, feel free to read it.
It seems we just have different values. There is no point in arguing.