When you hate the rich more than you love the poor, you end up paying
How "taxing the rich" makes the rich richer and the poor poorer
Scumbag politicians always beg for votes with the mantra “tax the rich”, when they themselves are super rich due to bribes from the ultra rich they supposedly demonize. And we now call these bribes “donations” to make them sound OK.
“Taxing the rich” appeals to envy, hate and vanity. So those who see themselves as “poor” by comparison want to tax the rich, not because they love the poor, but because they hate the rich more than they love the poor.
What they fail to realize is that all taxes of the rich end up hurting the poor, because the rich simply increase their prices and reduce their production as a result of taxation, which in turn increases unemployment, further harming the poor.
Not only that, but the ultra rich get tax exemptions, plus they get their taxes back (and more) through subsidies for which they lobbied. Those who don’t get tax cuts are the small-medium competitors who are forced to close down due to their inability to compete with the ultra rich, the latter of which enjoy favorable regulations due to their lobbying efforts. This means that taxation of “the rich” established monopolies, the one thing against which the government is supposed to protect you.
Another ever worse side-effect of taxation is the deceleration of the economy, which favors the banks who wish to deflate their freshly minted fiat (false) currency. The poor end up paying the piper, because taxation causes money to “move around” purposelessly for long periods of time, either due to tax bureaucracy, or for money laundering purposes, leaving it outside of the economy, and reducing aggregate demand; meaning fewer jobs than what the economy can potentially support.
And all these decades of “taxing the rich” only seems to make the rich richer and the poor poorer.
This is what happens when you focus on intent, and not actual results and costs. It is ironic, because “taxing the rich” ends up making the rich richer and the poor poorer. It backfires in a tragic irony karma situation, because people’s hate for “the rich” (whoever that is) outweighs their love for “the poor” (whoever that is); and when you hate, you pay. In other words, the intent to “help the poor” blinds us from the fact that “taxing the rich” actually harms the poor.
What “the rich” don’t want is a tax-less society, which is why every single ultra rich billionaire always lobbies for highest taxation.
The best policy to reduce unemployment and poverty is to drastically cut taxes and government intervention. Decades of increasing taxation and intervention only widen the wealth gap.