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Exactly and then people wonder why the economy is not growing enough: https://news.ycombinator.com/item?id=10686732 https://news.ycombinator.com/item?id=106867
by lumberjack 11y ago
Exactly and then people wonder why the economy is not growing enough:
https://news.ycombinator.com/item?id=10686732 https://news.ycombinator.com/item?id=10686732
I think two big contributing factors are the so called "active investors" and corporate taxes.
Active investors force companies to optimize for short term gain which of course hurts growth.
Corporate taxes are too low. The private sector is not generating enough growth and to fix that the government does the exact opposite of what it should do. It hands the private sector more capital instead of taking it away. The private sector is already at a loss with the capital it already has at its deposition. I bet most of it goes into speculative Wall Street financial vehicles and I do not think any of it ever gets to entities that are short on capital or it goes to the wrong entities that are short on capital because most academics would be more than happy to get 0.01% of the capital that goes to social media startups.
- vannevar 11y agoYes. Water, water, everywhere but only a handful are allowed to drink. We live in a contradictory age where more capital has accumulated than ever before (and thus can be said to be plentiful), but where it has at the same time become increasingly concentrated within a relatively small socio-economic network. Capital continues to evaporate away from the 99% to the 1%, but no longer precipitates back out.