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The United States needs a regulatory innovation that allows broad benefit actions that nonetheless have specific losers.
by renewiltord 8mo ago
The United States needs a regulatory innovation that allows broad benefit actions that nonetheless have specific losers.
- treetalker 8mo agoI propose inordinate taxes on corporations and very wealthy individuals.
- renewiltord 8mo ago[flagged]
- philipallstar 8mo agoIt's crazy to tax unrealised gains. You pay tax based on money you don't have, just a bureaucrat's decision as to how much your portfolio went up.
- renewiltord 8mo agoYeah, I think so too. But if we’re going to tax them I think setting the limit to 5x median American wealth is fine. That way it impacts a broad enough base that it’s not two wolves and a sheep sitting down to dinner.
- hypeatei 8mo agoThat's arbitrary and would still cause issues. You'd cause a mass liquidation event and discourage investing or create a bunch of winners in the tax accounting industry. Unrealized capital gains tax is very unserious and IMO just populist drivel.
- triceratops 8mo ago> You'd cause a mass liquidation event What if the tax could be paid with assets instead of currency? And the assets went into some kind of sovereign wealth fund?
- triceratops 8mo agoI take it you've never heard of property taxes?
- pavel_lishin 8mo agoCan you be more specific?
- renewiltord 8mo agoYep. I think the common thread between NIMBY success, bus stops everywhere, and an 8 hour planning meeting to decide if there are too many ice cream shops in the Mission are that we need unanimity to get going. By contrast, AVs are in production on the streets of SF despite local opposition because we decided these decisions are made at the state level. I’m looking for a legislative mechanism that moves things from the former to the latter.