1. People stop spending so people lose jobs
2. less money from employment so people spend even less
Go back to step 1.
Under this scenario we reach absolute zero where the economy is completely frozen. No employment...no movement....absolute zero.
Make it worse...tax the wealthy, now they want to leave the frozen tundra because they don't want to pay taxes anymore. Think I'm kidding? Go ask all the Americans living in Switzerland.
2. less money from employment so people spend even less
Go back to step 1.
Under this scenario we reach absolute zero where the economy is completely frozen. No employment...no movement....absolute zero.
Make it worse...tax the wealthy, now they want to leave the frozen tundra because they don't want to pay taxes anymore. Think I'm kidding? Go ask all the Americans living in Switzerland.
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