cdfky

4 ms·

1.
by cdfky 6y ago
Correction they pay equivalent income tax to the bottom 90% (and a third of all once tax)
2.
by cdfky 6y ago
What duty - when tax dollars are spent on regressive policies, teachers unions, handouts and bailouts. Look at infrastructure and schools in the US. 1% of income earners already pay 90% of income tax in the US. What more do you want? Wealth
3.
by cdfky 6y ago
Capital is there because foreigners who park their money are not subject to a wealth tax
4.
by cdfky 6y ago
I can show an example otherwise - the PM of Singapore saying no to Bill Clinton when he asked the Singapore authorities to not impose corporal punishment on an American citizen (caught for vandalizing cars). Singapore is not just dependent
5.
by cdfky 6y ago
Regulations constraining housing like oning laws and hefty building codes are a thing
6.
by cdfky 7y ago
That's not Thiel's argument at all. His argument is that the most innovative companies tend to become monopolies. However monopolies are not always due to innovation, nor our monopolies inefficient. As you mentioned, it's a f
7.
by cdfky 7y ago
Unfortunately 10m - 100m can't do much in developing countries - from my experience. But in developing and emerging economies you can make a huge impact.
8.
by cdfky 7y ago
While I would say you shouldn't fully trust some people, coming up with wild conspiracy theories don't help. Not trusting people with money (regardless if it's a lot) says something about society in general. People should und
9.
by cdfky 7y ago
Caning is not used for minor offences, only for violent crime. It's more like a $300 fine
10.
by cdfky 7y ago
All markets are irrational. It will take time
11.
by cdfky 7y ago
If it burns down perhaps a functional skyscraper should be built in it's place. It would be a testament to a better, modernist future that we could build if we disregard all prior historical biases people all over the world still have