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The incentives will change, and "obscene" accumulations of wealth will become less attractive, but would not necessarily deter ambitious people from attempting to "win" at whatever they take up. Seems to me like a more important motivation for transformative success.
Nobody is going to stop building companies, they'll just do it somewhere where they can still maintain ownership over their own companies over 1-2 decades, and they'll get funding from investors who aren't scrambling to sell off the fund chunk by chunk annually
I think you're probably right... Seems like this is something that would need to be done across developed economies to yield the desired results without capital flight--at least at high %'s.
Not going to happen, but i will welcome all those entrepreneurs to Germany. we don't need to raise taxes as we already make more income from taxes then we spend each year - capital gains tax is zero for investors/founders holding an investment for more then 1 year.
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