Comment by nrabulinski

Comment by nrabulinski 4 days ago

7 replies

In my eyes they are not fair, because while they tax consumption, they very disproportionately affect buying power the less wealth you have. For a millionaire, paying let’s say 30% more for new shoes is not going to meaningfully change how much money they’re left with. If I’m poor and I need new shoes (because you can’t just afford a new shoes when you want them so it by necessity implies you’re in desperate need of them), that extra 30% means one less grocery trip. Or heck, even 30% on groceries potentially means one less grocery trip.

Which is to say, being poor is expensive, and sales tax only makes it more expensive, while literally not affecting the bottom line of those in higher income brackets.

Manuel_D 4 days ago

But wealthier people tend to consume more. The top 10% of earners account for~50% of consumer spending. It's more like the low income person pays $5 of sales tax on a $50 pair of shoes, and a high income person pays $50 of sales tax on a $500 pair of shoes.

  • popalchemist 4 days ago

    Haven't you read Capital? Marx's core premise which nobody actually working in economics denies is that the nature of wealth is to consolidate in the hands of the few. So while wealthier people may consume more, that does not factor into "fairness" because they are hoarding their wealth, amassing power over others, and using it disproportionately to maximize their pleasure, power, influence, etc at the cost of the suffering of others.

    But I take it from your glib comment you'll disagree or deny that.

    • graemep 3 days ago

      > Marx's core premise which nobody actually working in economics denies is that the nature of wealth is to consolidate in the hands of the few

      the same point is discussed Piketty in Capital in the Twenty-First Century.

    • tstrimple 4 days ago

      > Haven't you read Capital?

      LOL. Do you actually think that person has read Capital or much of anything economics related? These types of internet arguments don't happen among equally equipped participants. People can just say random shit on the internet it turns out. They do it all the time.

      • popalchemist 4 days ago

        I know, my comment is rhetorical. They are clearly talking out of their ass.