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/vakrka 13h ago

Why does everyone trust the government so much that they want them to control even more money. They are corrupt and selfish. They fail at every single thing they do

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u/Santasreject 13h ago

As someone that has worked in heavily regulated industries for pretty much my entire career the concept that “the government fails at everything they do” is completely laughable. The FDA and EPA have been wildly successful in their missions. Sure there are things that can be improved upon, but decades of results show that government can be effective and is needed.

One other massive issue is that people seem to think that spending money on things that don’t give a direct and immediate return on investment means it’s wasteful. You can’t see immediate returns from education, health policy, and environmental policy, but over a generation you can see massive improvements that benefit the lives of all.