4 ms·
I don't really want to get into the whole "Tax the 1%" issue but it's becoming more obvious that taxing the ultra wealthy will lead to these kinds of sustainabl
by dev1n 11y ago
I don't really want to get into the whole "Tax the 1%" issue but it's becoming more obvious that taxing the ultra wealthy will lead to these kinds of sustainable companies. That tax revenue, when streamlined into larger research grants for DARPA projects or NSF stuff would produce technologies and general scientific advancements that startups would be able to develop on. Not just cool new ways to serve advertisements.
The ultra wealthy are desperate to find new ways to double their money through investments [1]. However, they are not desperate enough to start their own research labs, from which great advancements are made. Thus, I feel money could be more efficiently allocated for future sustainable scientific and technologic advancements if the government utilized increased tax revenue from 1%'ers to create more opportunities for such companies.
[1]: http://www.economist.com/news/briefing/21678215-world-entering-third-stage-rolling-debt-crisis-time-centred-emerging http://www.economist.com/news/briefing/21678215-world-enteri...
Edit: typo