capital gains tax should decline with income not increase. if youre rich its prima facie evidence that your better at allocating capital than people who are poor. "bluh bluh what if its inherited wealth" yeah dude you know what else is heritable? capital allocation acumen
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Replying to @eigenrobot
Why should people be rewarded because they are better at allocating capital? That doesn't sound like something that necessarily benefits society, and if they're better at it, then taxing them more hurts them less than taxing people who aren't as good at it. QED.
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Replying to @craigellery
efficiently allocating is just about the best thing you can do for society we should probably pay them for their success
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Replying to @eigenrobot @craigellery
This would result in subsidising luck, on the margin
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