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colmmacc's profile
Colm MacCárthaigh
Colm MacCárthaigh
Colm MacCárthaigh
@colmmacc

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Colm MacCárthaigh

@colmmacc

AWS, Apache, Crypto, Irish Music, Haiku, Photography

Seattle
notesfromthesound.com
Joined April 2008

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    1. Melissa Hall‏ @CasualLaw 20 Sep 2019
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      Things I would like to see taxed: Intergenerational wealth transfers (inheritance taxes, estate taxes) Money made by having capital (capital gains) Automated trading Cryptocurrancy mining and capital gains

      4 replies 1 retweet 32 likes
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    2. Melissa Hall‏ @CasualLaw 20 Sep 2019
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      There are political, legal, or practical barriers to these but I think it is worth talking about what we would like to see on the top level

      1 reply 0 retweets 6 likes
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    3. Melissa Hall‏ @CasualLaw 20 Sep 2019
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      Yeah you can use taxes and fees to modify behavior and that might be a secondary list, but yo my mind the primary target of taxes should be things that happen because of luck

      2 replies 0 retweets 8 likes
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    4. Colm MacCárthaigh‏ @colmmacc 20 Sep 2019
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      Replying to @CasualLaw

      With a lot of asterisks and fine print, I'd generally like to see 100% taxes on generational wealth transfers, and on cryptocurrency because it's an environmental scourge, but ordinary income taxes on capital gains, HFT, and other investment income.

      1 reply 0 retweets 1 like
    5. Melissa Hall‏ @CasualLaw 20 Sep 2019
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      Replying to @colmmacc

      Which would be an increase in taxes on investment income in most situations, something O still find mind blowing

      1 reply 0 retweets 1 like
    6. Melissa Hall‏ @CasualLaw 20 Sep 2019
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      Replying to @CasualLaw @colmmacc

      But the big advantage of strong limitations on intergenerational wealth transfers is that it means wealthy parents can best help their kids by making things better for everyone's kids

      1 reply 0 retweets 0 likes
      Colm MacCárthaigh‏ @colmmacc 20 Sep 2019
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      Replying to @CasualLaw

      An interesting way to go further is to make university admissions based on how well you do in school, but only relative to your class and neighbors. That incentivizes the well-off to put/keep their children In the *lowest* performing class and areas.

      4:15 PM - 20 Sep 2019
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