> They are provably good at allocating resources (assuming they are generating value via real innovation and not through monopoly/rent-seeking) so you want them

> They are provably good at allocating resources (assuming they are generating value via real innovation and not through monopoly/rent-seeking) so you want them doing that. I don't actually even agree with that. Microsoft, for example, seems to routinely overhire and then fire large percentages of their employees (edit, correction, said "corporations" before). I think all they know how to do (I mean this pretty literally) is spend money. They are given money and then they spend that money. Sometimes spending that money leads to growth. Sometimes it leads to having to lay off 20% of the company. The important part is that the money is spent. > I'd just progressively tax all luxury goods at like 10,000% so that they are encouraged to continue to invest and build more companies rather than creating socially unproductive empires of empty houses and yachts. I'm not opposed to what you suggested but I'm not 100% sure how you'd define "luxury goods" with any kind of consistency.