re: taxes
do people really _refuse_ to make money just bc they have to pay 50% of it to the govt?
on the margin, are you better off w/ $500K from $1M you made or $0?
i get that at some point it plays a role (imagine 99%), but is 40-50% the range where ppl just cba to make $?
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I think it’s more about the amount just not being competitive. I see it as a subscription fee to a club. What am I getting? It’s also that capital will more likely remain where it is rather than take the 50% hit to move it to another asset, where it might be more productive.
