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Originally Posted by AngryAlpaca
What's this argument about? My only point is that GDP per capita doesn't explain away these riots at all - unemployment, maybe.
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You’re only looking at how tax rates affect an average of individual purchasing power. The high tax rate also affects the efficacy of an economy. Typically a higher tax rate reduces the money in circulation, thus fewer dollars for employers to pay employees or hire more employees. Money that goes to the government rarely ever creates more wealth it only redistributes wealth. Capitalists create new industries, new markets and new jobs.