Comments by "LancesArmorStriking" (@LancesArmorStriking) on "How to Get Rich Bribing Politicians" video.
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@gabbar51ngh
Well, the USSR wasn't exactly communist or even socialist lol, it was authoritarian. And that's a political, not economic, system.
The assumption isn't wrong- beyond a certain threshold, the wealthy work because they want to, not because they have to. Zuckerberg and Bezos could both retire tomorrow and live like kings for the rest of their lives, and still have billions left over.
Also, they aren't self-made. Both received lots of early help to start their business. Bezos' step-father was a wealthy businessman who propped up his first ventures, and Zuckerberg's father personally taught him to code, and paid for specialized education. Not everyone has that opportunity.
Nor did they actually "earn" all of their money. Did Bezos work 200,000,000 times harder than one of his employees?
And we tried lowering taxes, all it does is create boom and bust cycles. Reagan slashed taxes, the economy took off. His policies of deregulation expanded the tax base... and then caused Black Monday and the Savings and Loan Crisis. Bush did the same thing, deregulated the banks... and it caused a fucking Recession.
The idea that supply-side economics is based on, the Laffer Curve, has its limits and only works when taxes are past a certain point. They are nowhere near that point. It also assumes the altruism of businesses, which is laughable.
It wouldn't work, sorry.
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