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You want to invest in productive activities (companies hiring more workers or buying more machines, paving roads, building libraries) rather than unproductive o
by andrepd 6y ago
You want to invest in productive activities (companies hiring more workers or buying more machines, paving roads, building libraries) rather than unproductive ones (land and property speculation, stock speculation, buy-to-let rent-seeking, etc)
- yanderekko 6y agoPaving roads is not an investment unless there's some sort of asset that you have equity in that will appreciate by your doing. But apparently you would condemn this as a form of "speculation". The desire to tax accumulated wealth is equivalent to the desire to tax saving and deferred consumption. People like to dance around this point but it's difficult to avoid how abhorrent this is when it's properly framed.
- andrepd 6y agoWhat in the actual — I specifically mentioned paving roads as an example of productive investment, how can you possibly claim I'm "condemning it as speculation"?