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What exactly is the problem here? How is this meaningfully different from investing your own post-tax $500k into the market and growing it forever? If you disl
by tomp 6y ago
What exactly is the problem here? How is this meaningfully different from investing your own post-tax $500k into the market and growing it forever?
If you dislike this situation, what you need is wealth tax, not profit tax. As the value of John Smith Inc. grows over time, John Smith the person will have to pay increasing amount of wealth taxes...
- nodamage 6y ago> How is this meaningfully different from investing your own post-tax $500k into the market and growing it forever? What's the difference between investing post-tax income vs pre-tax income? The amount of income tax you paid...