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>sometimes using historical averages is not valid. True, but more often historical behavior is the correct prediction looking forward. The future is not likely
by ChrisLomont 8y ago
>sometimes using historical averages is not valid.
True, but more often historical behavior is the correct prediction looking forward. The future is not likely random in all behavior.
So your claim is only true when it's demonstrated that the historical averages are no longer valid ...
There are countries right now failing after seizing wealth from their citizens (Kim in NK, Marcos in Phillipines, Mugabe in Zimbabwe, Chavez in Venezuela, Pot in Cambodia, among others).
France recently tried it for a season, and enough rich and wealth left the country that they reversed it almost immediately.
Are there any that have recently prospered as a result of seizing the wealth of their rich?
- fulafel 8y agoThere are prosperous high tax countries such as the Nordics who are arguably doing a lite version of this.
- dagw 8y agoThere are countries right now failing after seizing wealth from their citizens All of those countries failed for different reasons and never solely because of "seizing wealth from their citizens", although that was always a component.