Is Elon spending $150 million to support Paxton good? Absolutely not. But to say $150 million will have no impact in the Texas economy is also just putting on blinders, even if it is for a bad cause.
Money spent on a bad cause is bad ya, but it’s still money in the economy. My initial reply was around OP’s comment of “wealthy people actually bring very little into an economy,”
That’s fair, but ‘can’ doesn’t always mean it will, and I imagine most of these cases come down to politics?
What if Paxton loses? Also are you saying that everyone with lets say > $100 million is personally spending more money that will harm the economy rather than just regular spending which helps it?
Not taxing them in hopes they will spend more is wrong, but the do spend.
And not everyone is as bad as Musk when it comes to this and there are counterparts to him supporting the other side in similar (but maybe not as much) ways.
Notice how my post wasn’t about their actual businesses, but just if they were living their own personal lives?
ok and?
i’m talking about the individual as a whole
they distort markets in their personal lives too
this shit isn’t positive, go look at what Elon is doing outside his business as we speak, so like i said, externalities
Is Elon spending $150 million to support Paxton good? Absolutely not. But to say $150 million will have no impact in the Texas economy is also just putting on blinders, even if it is for a bad cause.
that makes it worse, that isnt some positive lmao
Money spent on a bad cause is bad ya, but it’s still money in the economy. My initial reply was around OP’s comment of “wealthy people actually bring very little into an economy,”
ok but money spent in bad ways does not benefit the economy as a whole, often it doesn’t even interact with the majority of the economy
op isnt wrong
again this is pretty standard trickle down economics and not new, there are decades of studies on this
it generaly gets lumped as an externality cost and market warping and not a benefit
Trickle down as a reason to lower taxes doesnt work.
It doesn’t mean that things still dont go down.
This isnt about should we or should we not tax them. Yes we should tax them.
no i’m saying money isnt some magical positive in the economic sheet, not all expenditure is the same
money spent can actually hurt economies
ie lobbying for tariffs is the classic example
That’s fair, but ‘can’ doesn’t always mean it will, and I imagine most of these cases come down to politics?
What if Paxton loses? Also are you saying that everyone with lets say > $100 million is personally spending more money that will harm the economy rather than just regular spending which helps it?
Not taxing them in hopes they will spend more is wrong, but the do spend.
And not everyone is as bad as Musk when it comes to this and there are counterparts to him supporting the other side in similar (but maybe not as much) ways.