Comment by deadbabe
5 days ago
After a certain amount of money, financial engineers can basically build all kinds of leveraged instruments that will let you buy those assets anyway.
5 days ago
After a certain amount of money, financial engineers can basically build all kinds of leveraged instruments that will let you buy those assets anyway.
If you assume your taxation mechanism is actually perfect and actually gets you the theoretical maximum amount of money from the ultra rich, or even the fairly rich, it's still orders of magnitude less than it costs to make sure everyone is taken care of like the scenario we were talking about above.