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the rich should live simply, so that the poor can simply live?

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astarmathsandphysics:
Even in a poor country like bangladesh, the poorest people can borrow money, invest, pay taxes and vote a govenment out.

~cornelia~:

--- Quote from: Dumb economist on October 02, 2011, 06:23:52 pm ---What happens if this occurs in a developing country like Bangladesh ? where rich people are not that rich and if you put taxes on them you would lose a vital form of investment.

This type of socialism can only occur in countries like United States and France

--- End quote ---
that's the point of progressive taxation!! when the cross a limit of earning then only the government should tax them...

although your point is correct, but every government has to find a way to make income so as to help its country. money doesn't grow on trees!

astarmathsandphysics:
money doesn't grow on trees!

Put the right genes in and it might.

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