@TikiTorch818@PeetTilaTequila@rim_raff@Votts_DFS@GrahamStephan I think the idea you're getting at here is the velocity of money, which does impact inflation and the velocity of money is impacted by taxation; however, if anything the concentration of wealth by billionaires would have a depressing effect on VOM and inflation.
@TikiTorch818@Votts_DFS@GrahamStephan This is the key point of contention: does government need more tax revenue to avoid deficits or should it spend less.
Ultimately your belief about the role of government defines the answer.
@TikiTorch818@Votts_DFS@GrahamStephan Ah, but that's where it gets interesting. An amendment had to be passed to allow for taxation on income. An amendment would certainly need to be passed to allow for taxation of net worth.
And how likely is that to happen?
@TikiTorch818@Votts_DFS@GrahamStephan Yeah, but billionaires topically don't have large incomes. They just have large net worths from their business holdings, so if you change the game (taxation), you change the incentive structure.
@Votts_DFS@TikiTorch818@GrahamStephan This isn't about defending billionaires. It's about recognizing that people respond to incentives. Taxation is a negative incentive. If there's too much negative incentive, the affected party will do something to reduce or eliminate the incentive. Like moving.
@TikiTorch818@GrahamStephan Well by all means push right on a head with that. No skin off my nose. 2030 Census projections already have California losing multiple congressional districts. People are tired of this high tax, high waste government.
@AmethystTwitch@TheOnlyThel The money argument on this very small project is so stupid. The fed government spent about 7 trillion in 2025. Paint in a pool is not the problem.
@ITalkOfChrist For me, deducting anything that goes into a 401K account or HSA against tithable income makes sense. It's just going to make the math a lot easier to just pay a full 10% on whatever I pay out. Ultimately, I'll pay the tithe. It's just deferred, for now.
@Dred_DelGath@EriePaWil The after all is being used as an adverbial phrase. Giving the meaning despite what we can do. After is not a preposition in this context.
@MarketPalmer_ Something that should be considered is outcomes for children at daycares can vary depending on the quality of daycare. A low quality daycare can definitely lead to negative outcomes.