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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That's a good point. When this thing doesn't happen, a sector will take it as a reason to radicalize further.
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It has always been much easier to promise a utopia than to deliver one, and we're now in a situation where someone can build a full political career on If The Bastards Had Let Us Do It, It Would Have Been Beautiful
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Wonder what factors have contributed to that...
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I totally agree that tax cuts on very high incomes by bush and now Trump have been misguided and counterproductive, not to mention all the loopholes they get. I am by no means saying we should accept the status quo. But there is a right way and a wrong way to fix it.
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