Spread the Wealth Around

2 Nov
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2 Responses to “Spread the Wealth Around”

  1. Stephanie H. November 2, 2008 at 7:58 pm #

    This song is going to be stuck in my head now, but it’s a good video. šŸ™‚

  2. Brian H November 2, 2008 at 9:16 pm #

    Couldn’t post below, so will try here:

    Summarized: a lower percentage of much more is usually more than a higher percentage of much less.

    There’s an interesting parallel with what’s called “price elasticity” in economics. When you raise the price of a good or service, some drop in demand is expected. Highly “elastic” goods drop more, but “inelastic” demand holds sales volumes better.

    So it appears that investment and profit-making activity is highly “elastic”; it falls off rapidly as the tax-price increases.

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