Taxes on Rich People?
Out of context: Reply #57
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- lowimpakt0
the irish economy is more complicated than that and putting it forward as a good long term sustainable model is wrong considering the reality.
"Governments don't create jobs, rich people do.."
again, this is misunderstanding of the reality of market economies. "rich people" don't operate in a vacuum and require systems within which they can operate. i.e. legal systems, security systems, education systems, health systems, social systems etc etc .all those things that "rich people" depend on but don't provide. Also, "rich people" don't come from thin air - they are nurtured, financially supported and subsidised to richness.
A big issue I am interested in is the relation between the provision of public goods, market/systems failure and models of innovation and economic development..(not to sound like a dick but I'm doing my PhD on innovation systems and government intervention)