chuckbert
Well-known member
- Joined
- 8 Dec 2017
- Messages
- 6,826
What about the incentive for those who are rich to work harder?It is a massively complex problem and a balancing act between incentivising growth, investment and the general willingness to work harder, earn more money/pay more tax and buy more things (subject to vat) Etc.
Which is why it will never be considered fair for everyone.
I agree that there comes a point where you have so much money what could you possibly spend it on, but as you say, we do also have philanthropists who want to give something back.
But if you remove the incentive to work harder (because all you‘re doing is working for the government coffers) or remove encouragement for businesses to grow, employ more people etc (because all the extra profits go in taxes) what have you got left?
People with jobs are having to use foodbanks. Where's the incentive there?
Philanthropy is "nice", but it is not the answer. We need money deployed strategically across the whole economy, not just where one rich person likes the idea of spending it.