Quote:
Originally Posted by Crawford
But there's zero evidence that billionaires are using their increased tax savings to purchase more real estate. The extreme high-end market in the U.S. has been crap the last few years.
But yes, obviously middle class wealth gains are overall better for society, since they'll consume with the extra $$.
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The apartment was just an example to illustrate how their money waters the whole society until certain point.
About taxes, they are supposedly used to provide public services, like education, that will increase the productivity of all levels of society. And someone must pay for them, so rather a billionaire than people making the minimum wage.