Under a 3% wealth tax, Bezos’ first-year “fair share” exceeds *all* his liquid assets. Founders’ wealth is in their companies, not yachts. There’s nothing worth enough to sell but ownership stake. A cartoon vision of wealth is going to dismantle the strongest economy in the world
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IF the government compensated me for my losses, this might not have any effect on my incentives. But the government only taxes the successes. It does not insure the many losses I have to expose myself to in order to find a winner.
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