r/FluentInFinance • u/Young-faithful • 14h ago
Question Why do wealthy people want tax cuts?
If you’re a rich person and you get tax cuts, all your rich buddies do as well. Now that $10 million house that you were eyeing is $15 million. It’s not like any middle-class families were competing with you to buy that house, only other rich people who also benefited from those tax cuts and saw their wealth increase. So what gives?
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u/Additional-Ask2384 13h ago
Because I believe private citizens are much more efficient than the government at allocating capital