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The government can afford to invest in things with no immediate commercial benefit, but which over time can pay off in huge ways. Nuclear power. Highways. Sate
by astrodust 8y ago
The government can afford to invest in things with no immediate commercial benefit, but which over time can pay off in huge ways.
Nuclear power. Highways. Satellite communication. The internet itself. These are all products of long-term thinking, not short term profit.
If you want lower taxes there's one thing you can do to cut them by half: Dramatically shrink the US military and stop building new nuclear weapons.
The amount of money put into programs like pharma is a drop in the bucket.
- opportune 8y agoWe can also just increase capital gains tax (introduce higher brackets), reform tax loss harvesting, and add some sort of annual CPI discount to capital gains so that people stop using that as an excuse to not raise capital gains