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There are jobs and companies that build & maintain the super cars, yachts, and mansions. If you punish that consumption, you'll also punish everyone that's ben
by fouc 9y ago
There are jobs and companies that build & maintain the super cars, yachts, and mansions. If you punish that consumption, you'll also punish everyone that's benefiting.
- justonepost 9y agoSure, but those are STUPID jobs. They only innovate for the 1%. It's a redirection of global resources into something that only serves the rich. If we had a consumption tax that redirected all spending into things that help everyone, than all of these things we fret about will go away. The great capital allocators of the world will still be able to be the great, rich capital allocators of the world, but minus all the wasteful toys. They'll serve mankind doing what they do best without siphoning off important innovation and resources.
- thinkloop 9y agoI doubt you'll have many capital allocators in that world.
- justonepost 9y agoWarren Buffet seems to like that world and he's pretty good at it.