(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 >

More information about the Urth mailing list