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It's reasonable to be suspicious of anything that suggests taxation as a prescriptive treatment. Government force is like hard-coding a value in the code; if yo
by cookiecaper 10y ago
It's reasonable to be suspicious of anything that suggests taxation as a prescriptive treatment. Government force is like hard-coding a value in the code; if you really must do it, it may be OK, and everything needs something roughly equivalent in some form to provide the basics (variables loaded at runtime from the environment or a config file, etc), but it's never really the answer you want to hear.
I agree that our specific investment system incentivizes eat-the-world behaviors that are ultimately socially destructive. I am pro-competition, but just as we don't insist track and field athletes bludgeon their slower opponents to death, I don't think there is an economic imperative to heavily favor an investment/banking/financial class, especially when they provide no tangible or real economic benefit. Their work is all in pushing paper and moving numbers. In a well-aligned system, there is no way they should be capturing the amount of value they capture (and same goes for copyright interests).
- coredog64 10y agoI'd argue that this class _does_ provide tangible economic benefits. Unfortunately, there are some folks at the margin who don't. The difficulty is in drawing that line. Apart from the liquidity, the large algorithmic firms have traditionally spent like crazy on computing. It was this hardware spend that allowed Sun to pursue a strategy where most of their software was open source. Has Wall Street harmed you more than having freely available Java, Solaris forks, and ZFS have helped?