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eigenrobot's profile
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@eigenrobot

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eigenrobot

@eigenrobot

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eigenrobot.substack.com
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    eigenrobot‏ @eigenrobot 1 Nov 2019

    eigenrobot Retweeted Andrew "The Kid" Glidden

    hm this SEEMS correct but I'm not totally sure it depends on some things would held cash still be taxed? if so probably not quite so much change HOWEVER,https://twitter.com/asglidden/status/1184730466563149831 …

    eigenrobot added,

    Andrew "The Kid" Glidden @asglidden
    Just realized that a wealth tax is a minimum wage for capital. pic.twitter.com/WbFIvXFFUw
    4:38 PM - 1 Nov 2019
    • 1 Retweet
    • 7 Likes
    • R. Travis Atkins NemoBane ᴱ𝓏𝓏ₒ Charles DeGlopper granderojo Gordon Chaffin absurdistfool 🪐🧙🏼‍♂️✨
    5 replies 1 retweet 7 likes
      1. New conversation
      2. eigenrobot‏ @eigenrobot 1 Nov 2019

        my hunch is that it would be possible for the wealthy to handle this elegantly eg: assets moved to trusts that pay out to them/descendents eg: assets distributed to descendents or trusts for these descendents well be death eg: "loans" to firms over time, firms invest

        4 replies 0 retweets 7 likes
        Show this thread
      3. eigenrobot‏ @eigenrobot 1 Nov 2019

        in any case the actual collection on this tax would probably be negligible, is my guess but it doesnt matter because no way in hell it passes

        3 replies 0 retweets 3 likes
        Show this thread
      4. eigenrobot‏ @eigenrobot 1 Nov 2019

        eigenrobot Retweeted Andrew "The Kid" Glidden

        think this checks out thohttps://twitter.com/asglidden/status/1190370677049544704?s=19 …

        eigenrobot added,

        Andrew "The Kid" Glidden @asglidden
        Thinking about this a bit more...a wealth tax would probably obliterate State and municipal finances. It would require that bonds' interest rates increase just to keep ROI at zero, and that means investors would pull out. Recipe for public bankruptcy. https://twitter.com/asglidden/status/1184730466563149831 …
        Show this thread
        1 reply 0 retweets 5 likes
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      5. eigenrobot‏ @eigenrobot 1 Nov 2019

        new idea tax on human capital on one hand this is a terrible idea on the other hand it might destroy universities for good

        4 replies 1 retweet 11 likes
        Show this thread
      6. eigenrobot‏ @eigenrobot 1 Nov 2019

        eigenrobot Retweeted

        ht @JoesBarAndCult https://twitter.com/JoesBarAndCult/status/1190414328328941570?s=19 …

        eigenrobot added,

        This Tweet is unavailable.
        0 replies 0 retweets 0 likes
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      7. End of conversation
      1. Alex Godofsky‏ @AlexGodofsky 1 Nov 2019
        Replying to @eigenrobot

        Nothing stops negative real post tax returns, yes cash is included

        0 replies 0 retweets 1 like
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      1. New conversation
      2. NemoBane‏ @NemoBane 1 Nov 2019
        Replying to @eigenrobot

        Taxing wealth itself was much easier when assets were held primarily in land. X amount of land equals X amount of money owed to the state. You could tax land with out taking the land. You can’t tax wealth with out taking wealth.

        1 reply 0 retweets 1 like
      3. NemoBane‏ @NemoBane 1 Nov 2019
        Replying to @NemoBane @eigenrobot

        Maybe this is only a problem for people like me who, for whatever reason, get really angery at the idea of my children not getting everything I own when I die.

        0 replies 0 retweets 1 like
      4. End of conversation
      1. Jeremy Russell‏ @_JTRussell 2 Nov 2019
        Replying to @eigenrobot

        Huh, I wonder if a wealth tax could increase wealth inequality? 1% wealth tax, wealthier citizens begin to tolerate more risk and invest in higher return investments to “escape” the tax. This leads to faster economic growth as bolder projects are funded. Interesting, if so.

        0 replies 0 retweets 1 like
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