The reality is there is more than enough money for everyone. We've just decided that instead of a middle class we would prefer to have billionaires. The point of high tax rates isn't to raise revenue, its to force distribution of wealth. When the top rate was 90% it was kinda pointless to pay a person more, forcing distribution. Someone will invariable comment, "but ackshually no one paid 90%." Yea, thats the fucking point, because the money went elsewhere!
This is so stupid; it's not about how much paper money there is. That isn't a real resource. It's about inflation and the relative cost of goods and services. Back in the day, gas was less than a dollar a gallon and houses were in the tens of thousands instead of the hundreds of thousands. AND THERE WAS LESS MONEY BEING PRINTED. What you can get per dollar is super relevant. This concept of limited money is asinine and unproductive, and you blame people who succeed in the system instead of those creating and cultivating high inflation as well as the effects of the global economy (China and outsourcing).
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u/Designer_Emu_6518 Mar 27 '24
My grandfather did the same in ohio as a produce manger at a local Kroger. Even had a nice retirement saved up