Thread: Government & Post Election Discussion
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Old 29-05-2019, 18:41   #2069
OLD BOY
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Re: Government & Post Election Discussion
Quote:
Originally Posted by ianch99 View Post
I love the simplicity you apply to this. I'll bite: tell me how someone how someone with assets in the billions has "earned" this amount of wealth?

Then tell me why, from a moral perspective, such wealth is justified in this small group of individuals?
Of course they've earned it, and if the wealth just came to them without trying, why don't you have a go at it?

The ability to earn a lot of money by working hard, taking financial risks and responsibility is what motivates people, and in the end, this benefits everyone.

Maggie Thatcher's government proved that when you lower tax rates for the rich, you increase money raised from tax. Things are not as simple as you seem to think. Lower tax regimes encourage investment and increase tax take.

If you pay everyone the same, you are applying Communist principles, and look what happened to all Communist countries throughout the world. Everyone became poor. Because there were no incentives any more. Why should Fred work harder than Jo if both would still earn the same?

The only exception is modern day China, which has permitted entrepreneurism and wealth creation.

I am surprised you cannot see this.
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