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Everyone can’t have access to capital. It’s a scarce resource. The study of economics is literally the study of the allocation of resources. If you distributed
by briandear 7y ago
Everyone can’t have access to capital. It’s a scarce resource. The study of economics is literally the study of the allocation of resources. If you distributed wealth completely equally across the world. It would take long before the world looks exactly as it does now. Some people make bad decisions and would lose it. Others would have it stolen. Others would be frugal and accumulate, and other would be bold and become extremely rich. Once that happens, do we strip it all away again and start over? Life isn’t a Monopoly game where we get to reset the board each time someone loses.
- dlp211 7y agoAnd that's why we should have an aggressive tax scheme that covers income, capital gains, and estates and a process that is able to rapidly respond to loopholes.