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replying to californical: "Sufficient" is the operative word here. There's a tremendous amount of non-productive rent-seeking, such as literal rents. These are
by mjhay 4y ago
replying to californical:
"Sufficient" is the operative word here. There's a tremendous amount of non-productive rent-seeking, such as literal rents. These are a massive drag on our economy, because they shift investments towards non-productive use. More targeted tax increases to discourage the worst rent-seeking would help a lot, in addition to generating revenue and easing price pressures.
- kodah 4y agoimo, this is actually a fairly salient point. Wealthy people do put most of their cash in investments but not all investments are equal to the health of the economy or as detrimental if toyed with.