Govmnts like to tax price inelastic businesses like beer, electricity distribution & sugar i.e. by def. good businesses. How abt Google-tax?
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If u want to good biz look for high taxes. All Buffett bizs (bank, insurance sugar, infra) under heavy govmnt intervention, not coincidence?
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Businesses can become good when the gov't intervenes, because gov't often restricts competition in favor of scale. I rewrote this tweet 3x.
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Agree; regulations may lead to barriers of entry - benefiting existing scalability
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