• jve@lemmy.world
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    11 days ago

    the EU people who would’ve become uber rich tend to invest more back into the market and local communities, whereas the US uber-rich just hoard money.

    Is this evidence based, or feels based?

    • Nalivai@lemmy.world
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      11 days ago

      That’s what higher taxes do. And that’s pretty evident, taxes in EU are generally higher and it’s harder to loophole out of paying them.

      • jve@lemmy.world
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        11 days ago

        that’s what higher taxes do

        Higher taxes cause people to tend to give back to their communities instead of hoarding wealth?

        I thought higher taxes forced them to give money to the government, who may or may not do that.

        • Nalivai@lemmy.world
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          10 days ago

          Taxes is how people give back to their communities, their wants have nothing to do with that. That’s kind of the only way, rich people will never voluntarily give money away otherwise, that’s why they’re rich in the first place.
          In a democracy, the government is “the people”.