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Showing posts from September, 2026

Case for progressive taxation:

The ultra rich businessmen benefit a lot from the: ·        Scientific and technological advances of the past, research output from universities etc. ·        Communication and transport infrastructure built over centuries ·        Safety provided by the government for their immense wealth ·        Access to cheap natural resources ·        A ready supply of highly skilled manpower often provided by subsidized education. ·        Global supply chains supported by trade agreements ·        Well-developed Financial markets for funding  And so, the ultra-rich need to contribute taxes commensurate with their use of the enabling economic infrastructure and the security that is provided for their immense wealth. The multiplier effect: An example of the effect...