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Article seems heavy on faith and assumptions with surprisingly little justification for the assumptions on those Laffer curves. For context, monthly capital mov
by jgeada 11y ago
Article seems heavy on faith and assumptions with surprisingly little justification for the assumptions on those Laffer curves. For context, monthly capital movement through the stock market is in hundred billion dollar range (28,835,420,916 NYSE, 81,677,535,478 NASDAQ for last month).
Given the current political clamor about economic inequality, I can see the financial class having "some" incentive to claim that any of the proposed fixes would not work and it would be best to leave the current system as is, ie with them owning all the money. Quoting Upton Sinclair
“It is difficult to get a man to understand something, when his salary depends on his not understanding it.”