b********n 发帖数: 38600 | 4 The idea:
If the wealthy are taxed less they will invest and create jobs and wages.
The reality:
This is exactly what happened.
BUT:
The jobs and wages were created in the East, which is far more dynamic,
wages are lower and profits are higher.
The investor gets the best returns on his investments almost anywhere apart
from the US due to its high costs of living with rent, healthcare and
student loan repayments. A high cost of living necessitates high wages.
The Consequence:
The hard work of the US produced profits that were taken by the wealthy and
invested in the East.
The balance of power shifted from West to East.
The US started to worry about the powerful China Western investors had
created (commonly known as “shooting yourself in the foot”).
In the hollowed out and decaying West the populists started to rise and
social unrest followed.
The Solution:
Get the money off the wealthy before they can invest it in the East and
further shift the balance of power away from the West.
【在 d****o 的大作中提到】 : 你这真是要成破熊第二的节奏
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