4 ms·
> 1. People aren't going to take on risk and deploy capital if they can't get a return. > 2. If people think they can get an abnormally high return, they will
by bayarearefugee 1y ago
> 1. People aren't going to take on risk and deploy capital if they can't get a return.
> 2. If people think they can get an abnormally high return, they will invest more than otherwise.
Sounds like a good argument for wealth taxes to limit this natural hoarding of wealth absent unreasonably good returns.
- johnnyanmac 1y agowe 1000% need all kinds of wealth taxes. The money's been hoarded for decades and I don't think that money is going to the next generation when the boomers kick the bucket. Inheritance tax, ultra high income tax, taxes on stocks if possible. The government wants to defund food stamps and healthcare while giving the robber barons trillions in tax breaks. Something's gotta give.
- varelse 1y ago[dead]
- AlexandrB 1y agoSadly I think a wealth tax would make us all poorer in the end. Most of the wealth held by the top 0.01% is in the form of equities/investments in various industries. Taxing this would literally just suck capital out of the economy. I think taxing real estate holdings is a good idea though (something like Georgeism).