In his new book, Joseph Stiglitz outlines a sweeping plan to correct economic inequality http://www.theatlantic.com/business/archive/2015/11/stiglitz-heres-how-to-fix-inequality/413761/ … #choices
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@timoreilly Changing tax rates might make founders 1/3 poorer, but startups make them 100x richer, so that won't fix inequality.
@timoreilly Plus tax rates don't even matter unless you sell stock, which few of the most successful founders do much.
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@paulg@timoreilly You're right, its hard. But Paul, do you think its a good idea, or just difficult? And if not addressed what will happen?Thanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg@timoreilly We could never fix inequality,there would be no use 4 the stock market cause it's a 0sum transaction between 2 tradersThanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg@timoreilly the widely advocated wealth tax would force founders to sell to pay their taxes. -
@philswenson@paulg Not suggesting that. Nor was Stiglitz, whose book, unread by most commenters here, started this thread.
End of conversation
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