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The situation you're describing is a basic capital glut. There's too much cash floating around looking for something to invest in and make a return, but the po
by eli_gottlieb 9y ago
The situation you're describing is a basic capital glut. There's too much cash floating around looking for something to invest in and make a return, but the pool of current and future aggregate demand has mostly run dry. As a result, society's most high-value projects have become money-losers, and useful stuff (like repairing trains or investigating the natural sciences) stops getting done.
- stillsut 9y agoMaybe Broad Institute, Harvard, MIT, shouldn't be tax free "non-profits" while TrainRepair Inc is paying 35% tax rate?
- eli_gottlieb 9y agoI'd certainly favor taxing the ever-loving heck out of Harvard and MIT (actually, everyone in Kendall and Harvard Squares) to repair the MBTA that literally brings their employees to work.