Decreasing the wealth tax is good for the economy

 Hi! Do you hate paying taxes? Well, today's topic is "Decreasing the wealth tax is good for the economy.".

I think it depends on who it is. If he or she is the owner of the company, it will be good for the economy, because those companies will probably develop new things and expand, causing the economy to grow. Which would be good for the economy. But if this person is just a lucky dude who got lucky, they shouldn't do it because they will be just getting more money. But here is the important thing we have to think about, I'm no tax expert, but at least I know that taxes are used by the government to build, fix, or do other stuff that would benefit their county. And 1 wealthy person's tax is probably better than 5 normal person. This means that if we decrease wealth tax, lots of tax will probably be paid and kept to wealthy people. And if they decrease them, more people will most likely work again because wealth tax is decreased, so if they take away money for income tax, they will probably have more money. But if they are going for short-term money, this won't benefit them nor help them. And if they decrease the tax, more people will start using their money after the pandemic since they have more money now. But if they increase it, more people will go on to save mode and not spend their money. This could cause some major problems that would repeat adverse effects. Tax is increased, then people will have less money and use less money, then lots of companies will have to lessen salary, which would put more people into a sticky situation, then no one will spend, and do you see the pattern? Basically, decreasing tax would be good for the economy since lots of people are spending their money, but it would be bad for the government since they would be getting less money than ever. 

To sum up all the pieces of information from today, it could make a good effect if it is used by company owners. And it could help people spend more money because they have more money. It could also make government have less money.