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The idea that the 1% have silos of gold coins they swim through like Scrooge mcDuck is surprisingly common.
While of course capital and liquid assets are much different… you're still kind of down-playing conspicuous consumption. Silicon Valley techbros do go Scrooge McDucking occasionally. It's not a binary choice: there are nuanced tax options between regressive and confiscatory.
Though a surprisingly affordable make-believe given modern gold prices:pic.twitter.com/yWFMsJKTJ4
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