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Originally Posted by moosenose
If the rich don't spend their money, why should they be taxed on it? What's the point in having money if you can't spend it? It's just pieces of paper that is worthless unless you can do something with it.
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I don't understand this at all.
Why shouldn't the rich be taxed on money they receive but do not spend? There's nothing stopping them from spending it. If it's just pieces of paper that are worthless (which is nonsense, it's called collateral), they shouldn't have a problem handing them back to society.