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> The goal of taxes - and this seems to match reality - is to incentivize certain kinds of transactions. unfortunately the kinds of transactions it incentivize
by trhway 5y ago
> The goal of taxes - and this seems to match reality - is to incentivize certain kinds of transactions.
unfortunately the kinds of transactions it incentivizes are available and profitable mostly for the rich.
>The primary goal of macroeconomic policy for the last decade has been to convince people to move money into shares of more founders [....] This has also been largely unsuccessful, as people simply dont want to give random founders money.
Huh? how about qualified investor rule which denies most people the chance to give money to founders? I.e. the same as above - the transactions available only to the rich.
- vmception 5y agoIts not an egalitarian society and there is a caste system. That has nothing to do with the utility of the tax policy and velocity of money. Not sure what answer you wanted.