When asked where to get money for various public spending, the Left has a long-established answer – taxing the rich. You may remember that Comrade Zandberg of the organization together erstwhile offered the highest PIT 75% rate. Moreover, what more overzealous neo-marksists offer taxation on accumulated assets. The message to the mass recipient is simple – you can have better wellness care, better education, nursery and kindergarten, and all for free, due to the fact that it will be financed by those exploiters-capitalists who pay besides low taxes today.
Let us not follow any ideology, but only pure data analysis. And the data is as follows:
• About 7% of the wealthiest taxpayers are liable for half of the PIT income, which means that these 7% pay as much as the remaining 93% in total. This is data before the introduction of the Polish Deal – after the PL, the number of taxpayers needed to collect half of the PIT will surely fall below 7%.
• The combined wealth of 100 richest Poles is not adequate to get to the list of 20 richest people in the world.
• In order to get to 1% of the wealthiest households in the PL, it takes a property little than $1 million (including its own house/house).
• Over PLN 1 million a year earns about 0.2% of employees in Poland – specified income would not be able to scope the highest taxation threshold in the US, and on the day of publication of this post – they would not even manage the penultimate one.
What can be learned from the above data? Well, the fact that rich people don't pay taxes is usually false in the world, on the contrary – they pay comparatively much, and that many public services do not benefit (private schools and wellness care). In addition, it can be seen with the bare eye that there is no “capital” in Poland, and that the class that we consider to be space earners in the US would at most be a higher mediate class. The left has you that others will pay for the increase in budget expenditure. Don't be delusional, if you're just working people, and it doesn't substance whether you're employees or entrepreneurs, you'll pay!
The real drama is that people believe that left-wing nonsense, that wealth doesn't come from work, savings, and investment, but from public benefits that are paid by mythical rich people. Unfortunately, 1 of the fundamental threats of our civilisation is the fresh anti-entrepreneurship mentality, people are promised that without work they can live well, hence all these new-fashioned kind stupidities – the statutory 4-day working week, guaranteed basic income.
But what to anticipate at a time erstwhile NBP president Adam Glapiński competes not with his counterparts, the president of the Fed or the ECB, on the effectiveness of monetary policy, only with Neonika's cabaret on who will supply more amusement to Poles.
Marek Kułakowski
The author is an economist, he belongs to the Council of Confederate Leaders, Freedomists
