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It's both. The existing gets taxed to pay for the future, including NEW business SBA loans, infrastructure, court systems, securities exchange support, etc. The
by gte910h 14y ago
It's both. The existing gets taxed to pay for the future, including NEW business SBA loans, infrastructure, court systems, securities exchange support, etc. They aren't made without help, and help is not possible without some of them succeeding and being taxable.
It's a giant, systemic feedback loop, one we try to make end up being positive in a good way.