Mike
@mbradyx.bsky.social
Philosophy Ph.D. American Pragmatism & Environmental Ethics
Fitness Fanatic
Solo Hiking and Canoeing
Fitness Fanatic
Solo Hiking and Canoeing
Reposted by Mike
To explain it clearly, if you tax food at 20%, and a poor person spends 10% of their income on food, that is a 2% tax on their income.
Very rich people might spend only 0.1% of their income on food though, so that is only a 0.02% tax on their income.
Very rich people might spend only 0.1% of their income on food though, so that is only a 0.02% tax on their income.
March 27, 2025 at 9:24 PM
To explain it clearly, if you tax food at 20%, and a poor person spends 10% of their income on food, that is a 2% tax on their income.
Very rich people might spend only 0.1% of their income on food though, so that is only a 0.02% tax on their income.
Very rich people might spend only 0.1% of their income on food though, so that is only a 0.02% tax on their income.
Students reading it in my class right now.
November 18, 2024 at 4:54 AM
Students reading it in my class right now.