Comment by renewiltord
10 hours ago
The United States needs a regulatory innovation that allows broad benefit actions that nonetheless have specific losers.
10 hours ago
The United States needs a regulatory innovation that allows broad benefit actions that nonetheless have specific losers.
I propose inordinate taxes on corporations and very wealthy individuals.
Ah, a direct pull from the Fascist Manifesto. Bold attempt. I think it’s probably good for some state to actually put this into play so that we can see whether it is indeed broad benefit with specific losers. I’m rooting for California’s proposition just to see what happens, actually.
It’s limited so it’s not a huge tax on corporations, just on the billionaires but I think it would be good to see. There are other states so if we’re wrong America won’t suffer.
Personally I’d like to see the tax set at a million dollars and include all unrealized gains including being the beneficiary of a trust or owning land and so on. But this prop will be a good start.
It's crazy to tax unrealised gains. You pay tax based on money you don't have, just a bureaucrat's decision as to how much your portfolio went up.
4 replies →
Can you be more specific?
Yep. I think the common thread between NIMBY success, bus stops everywhere, and an 8 hour planning meeting to decide if there are too many ice cream shops in the Mission are that we need unanimity to get going.
By contrast, AVs are in production on the streets of SF despite local opposition because we decided these decisions are made at the state level.
I’m looking for a legislative mechanism that moves things from the former to the latter.