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How to fix the economy (lemmy.world)
submitted 3 days ago by [email protected] to c/curatedtumblr
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[–] Banana 1 points 2 days ago

Yes exactly. This is why I find it funny when they use two different, yet contradictory reasons to justify the sin tax:

  • it prevents people from using it because they'll choose not to use it (the thing they're addicted to) if it gets too expensive; and,
  • the demand is very inelastic which means the government will make more revenue

When really they're primarily taxing the things poor people are addicted to.

Idk, I'm generalizing, I'm just kind of pointing out how a lot of the supports capitalism rests on are weird little opaque excuses to convince the masses that exploitation is what's best for us

So many economists are stuck in a box of what our society has been, they can't think past our current rules and regulations to what could be, because they think that the rules and trends they learn in school are the only possibility, or that profit must be king.