We need to talk about this until the media deigns to mention it. The major innovation hubs have paper millionaires (and billionaires) whose "wealth" is primarily ownership of their own fast-growing companies. Do we want them forced to liquidate or take massive loans against that?https://twitter.com/Jason/status/1193218506491228160 …
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Strawman argument. Lazy.
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It's not an argument, it's a metaphor for the dynamics I've discussed above. "Think of all the money we'll have" is not a great rebuttal to the claim that trying to unsustainably capture value in the short term will cause long-term disaster.
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“Killing the goose that lays the golden eggs” is a well-known phrase because history is littered with the corpses of geese. Wealth tax is sheer idiocy. Valuation impossible. Tax income instead. Oh, but no one proposes 90% income tax rates b/c even most leftists know that’s dumb.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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