The one thing that worries me about very high taxes on rich people is the idea that they might slow innovation. Here's a theory paper making this claim: https://www8.gsb.columbia.edu/faculty-research/sites/faculty-research/files/finance/Macro%20Workshop/toptax.pdf?fbclid=IwAR1YeWt_pT8zm6B54zV-SBREh6cub5fNEBDr-rndOVqvOvcid_0yaNTLnxc … Meh. Theory, whatever. But here's an empirical paper making this claim: https://www.nber.org/papers/w24982
an interesting question. What do you do when you let a private entity create & control what eventually becomes perceived as basic communications infrastructure, and then try to retroactively bring it under more democratic accountability/control?
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Agree. That was my point though. Many of the concepts that would legally be considered “innovative” (& therefore would receive beneficial treatment) are rent-seeking upon examination (& don’t deserve it.) See, e.g., Juicero.
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