(urth) Gene Wolfe's Politics
Jeff Wilson
jwilson at io.com
Tue Mar 31 11:40:05 PDT 2009
brunians at brunians.org wrote:
>> brunians at brunians.org wrote:
>>> This is why 'raising taxes on the rich' doesn't work, for those of you
>>> who have been paying attention.
>
>>>>> I'm talking about the gummint going bankrupt, silly boy.
>
>>>> Gummints don't go bankrupt, having produced nothing in the first
>>>> place. They may print money, which will devalue all the goods and
>>>> services of the society and bring about its ruination, of course.
>>>> They have that power, but they don't have the power to create money
>>>> in the original sense of the word, as a store of value. You may or
>>>> may not be aware that businesses don't pay taxes either, individuals
>>>> do. Businesses pass them along to their customers to pay.
>
>> Who do estate taxes get passed on to?
>
> As far as I know, estates are only left by natural persons, that is, they
> are not paid by businesses.
But how do they not work on the rich people who own the businesses?
--
Jeff Wilson - jwilson at io.com
< http://www.io.com/~jwilson >
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