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submitted 1 month ago by Prezhotnuts@lemmy.ca to c/canada@lemmy.ca

TLDR: No.

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[-] psvrh@lemmy.ca 28 points 1 month ago

How about we just tax millionaires & billionaires more and use that money to fund the public system?

Society used to work when marginal tax rates were much higher. It stopped working when we let the rich get richer at the expense of the rest of us.

[-] cyberpunk007@lemmy.ca 8 points 1 month ago

But tax cuts will allow them to hire more staff and it will all TRICKLE DOWN!

/s

[-] psvrh@lemmy.ca 9 points 1 month ago

What's funny about that is that hiring more staff was actually something they could do to avoid paying taxes because salaries are an expense. It reduced your taxable income, as did reinvesting in equipment.

Cutting taxes meant that they could hire less and bank more.

I know this, and you know this, but it's still frustrating.

this post was submitted on 10 Aug 2024
62 points (100.0% liked)

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