3 ms·
Yeah -- you're right. I was making a different point involving how wealth is built. It takes creative capital. It isn't just money. So stick with an uncompetiti
by malchow 11y ago
Yeah -- you're right. I was making a different point involving how wealth is built. It takes creative capital. It isn't just money. So stick with an uncompetitive tax system, and eventually the brightest won't end up on your shores, and they'll live, create, and bank elsewhere.
- vinceguidry 11y agoGenerally when people say capital they're referring to large amounts of money, sufficient to fully-capitalize a business venture. Somewhere in the neighborhood of $10 million and up. A "capital-intensive" industry is one in which you need a lot more than this to enter the market. Also it's not exactly easy to emigrate. People may be mobile, but they're not liquid.