Quote:
Originally Posted by Mathgod
Sigh. Was hoping this would get an honest conversation going, but so far all that's been offered is a bunch of trickle down economics, bootstraps kind of stuff. Am I really the only one on CP who sees a serious problem with the wealthy tip toeing around the tax laws like this, especially during a time when governments are running record deficits?
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Sorry. I know my own bad writing and ignorance clouded the sentiment in my previous post. I do 100% believe that the tax policy of most governments is designed to concentrate wealth in the already wealthy's hands.
Monetary policy, as well, can be used for this end. The current inflation and housing market issues are going to make the divide between rich and poor massive. In North America especially, people have historically used their homes to acquire wealth. For most people under 40, in many parts of North America, this is quickly becoming no longer an option.