You don't happen to have Parkinson's do you?
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Replying to @karlbykarlsmith
no. is there a law against the government funding Parkinson's research?
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Replying to @AliceFromQueens
No but the larger point is thay Ken Griffin doesn't really "have" this money. He is worth this much. The things he owns are actually had by other people. What he has is what buys, which is far less. If you take the billions you are taking capital that other people are using.
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Replying to @karlbykarlsmith
State-owned capital can't be used by other people?
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Replying to @AliceFromQueens @karlbykarlsmith
Lots of it gets used in defense spending, building prisons, administering poorly run and capricious social welfare programs, immigrant detention centers...
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Replying to @J_RtheWriter @karlbykarlsmith
true. if austerity historically focused on reducing those expenditures I might look more kindly on it!
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Replying to @AliceFromQueens @karlbykarlsmith
Likewise, if the government had a better track record on spending, I’d be less opposed to confiscatory tax rates
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Replying to @J_RtheWriter @karlbykarlsmith
by "confiscatory" do you mean anything more than "boy that seems like a lot to ME"
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Replying to @AliceFromQueens @karlbykarlsmith
This did start because Bernie arbitrarily said there shouldn’t be billionaires. There’s sensible tax policy and there’s politicians trying to stunt for Twitter
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Replying to @J_RtheWriter @karlbykarlsmith
if you read his proposal, you'll be reassured to learn that most of these billionaires will remain so.
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No reassuring necessary. None of this will ever happen
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Replying to @J_RtheWriter @karlbykarlsmith
That's probably true. But in the short-term it may increase Bernie's chance of winning the nomination. In the long-term reminding voters in a democracy that billionaires remain so at their pleasure increases the chances that voters will raise taxes in them.
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