alt Hacker NewsAnd in terms of real resources - who do you expect to have less and what do you expect them to have less of? Because "excess profit" is an economic concept, not a real thing.
And in terms of real resources - who do you expect to have less and what do you expect them to have less of? Because "excess profit" is an economic concept, not a real thing.
By using progressive taxes, either wealth or income, those who benefited from the current system get to keep some of those excess benefits, while keeping less than they would under a no tax system.