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Landlords ☭ (midwest.social)

submitted 7 months ago by [email protected] to c/[email protected]

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[–] [email protected] 4 points 7 months ago

This will do the opposite of what you want. All of these policies disproportionately cause poor people to remain poor.

It's not intuitive and it sounds great till you realize that unless you tax wealth and income with a progressive rate well into the 90% at the highest levels.

People who are wealthy don't give a single shit about consumption tax. They also don't care about transaction taxes (unless it's progressive). A person with a million dollars doesn't care if milk costs 5 bucks or 6 bucks a gallon... But the person making the minimum wage absolutely cares.