Undertaxation is rarely at the root of investment bubbles. Housing is the only one off the top of my head where I can envision a convincing argument for it bein

Undertaxation is rarely at the root of investment bubbles. Housing is the only one off the top of my head where I can envision a convincing argument for it being the chief reason. For like 80% of recorded asset bubbles in history undertaxation of operations with the underlying asset/security would never be mentioned by finance people.