#9199014, By chopsen The UK General Politics Thread

  • chopsen 3 Dec 2012 13:07:19 19,993 posts
    Seen 6 hours ago
    Registered 13 years ago
    LeoliansBro wrote:
    Also, OK say he does nothing but stand in his drawing room. He's still paying UK rent to stand there, is it better he stands in a large drawing room in another country instead? Why?

    The problem is that everyone compares what the super rich pay with what they could pay, without realising that what they could pay is most likely zero.
    There is a lot of research that the differential between rich and poor is associated with all kinds of Bad Things [citation needed]. Does the loss of tax revenue matter in the face of the nuanced effect of more equal wealth distribution? Is it actually better to have rich people around? They just raise the prices of commodities like land, and consumer goods. A trickle of taxation does help that. And unless they're actively investing their money, having a pile of wealth stockpiled drives up inflation due to reduced supply of money.

    Edited by Chopsen at 13:07:34 03-12-2012
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