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I dunno, quant is taking over short term trading and reducing volatility. Computers are automating fintech and rote legal work. It took awhile, but the free ma
by justonepost 9y ago
I dunno, quant is taking over short term trading and reducing volatility. Computers are automating fintech and rote legal work. It took awhile, but the free market is working things out. No need for government interference.
If government wants to get involved, they should replace wealth generating income taxes with taxes on planet destroying consumption.
- jopsen 9y agoGradually moving from income taxation to resource taxes would certainly counter balance some of this... In fact most countries already do this through taxes on fossil fuel, etc. The US has a bit of catch up to do there.
- RealityNow 9y agoThe government created the internet, GPS, and funds much of the innovative research going on. I totally agree with reforming our tax system away from income taxes and towards a land value tax, carbon taxes, and other Pigovian taxes. Or at least we can start taxing capital gains at the same or a higher rate than income taxes.