Why hasn't the media caught on to the fact that proposing to fund extremely expensive long-term projects with taxes that are actually intended to produce declining revenues year over year is fucking insane?
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If we actually do this, it'll represent the greatest theft from our children and grandchildren in our nation's history. It's not eating the seed corn, it's setting the whole silo on fire to warm our own toes.
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Even assuming you'll trap every millionaire + billionaire residing in the US with massive exit taxes, the next generation of founders will not come. If you're planning to feed yourself from whatever you catch in a box marked "Idiot Trap: Enter Here," you'll soon be very hungry
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Replying to @webdevMason @DavidDeutschOxf
Yes but you will feed kids in the process.
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Replying to @Stardustman42 @DavidDeutschOxf
Just think of all the meat we'll have when we murder the golden goose
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Replying to @Stardustman42 @DavidDeutschOxf
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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Replying to @webdevMason @DavidDeutschOxf
Meh. Unsustainable is your belief, not a fact. Meanwhile, 30% of Americans aren’t able to bring up their children in a humane way. That’s a fact. So metaphors are fun but dangerous.
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so ... your goal is to make this % higher in future by attacking rich? (writing this from country that went that path once)
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No. Recognizing that 1) not every billion earned can be spent efficiently by the billionaire 2) human beings have intrinsic value in the PRESENT and 3) not every tax brings on the apocalypse.
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1) Value isn't money. You can't just "spend" your ownership stake in your own company. At best, you can try to keep taking larger loans against it. 2) Yes 3) Correct
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