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indeed, lawyers would find some offshore or foreign loophole where this restriction does not exist. Financial money would find financial instruments in other na
by bawana 8y ago
indeed, lawyers would find some offshore or foreign loophole where this restriction does not exist. Financial money would find financial instruments in other nations - Germany, France etc. Why do Apple and Google keep so much money offshore? The same can be said for any tool whose purpose is to redistribute income. But the reinvestment of financial gains in the REAL economy is ALREADY happening. We call that phenomenon a 'startup' and those who are doing it are angel investors and VCs. I just want to formalize it out of silicon valley to the rest of the US, to the rest of the industries, to the rest of the nation. Heck, why not get creative and have a kickstarter for building 'smart roads' - you know roads with built in telemetry that would make self driving cars a cinch. Sounds outlandish? Well building interstate highways back in the way was equally outlandish. If there was a restriction against financial reinvestment of financial profits, and maybe a tax credit for investing in the REAL economy, we would see these things happen. The tool of taxation and the bureaucracy of redistribution would be sidestepped and the money would go more directly to the REAL economy.