@justexist1312@TheGreenParty Oh there would be economic change, that’s for sure. A quick listen to him talk about how they’d deal with the national debt tells anyone who completed high school that it would result in hyperinflation.
@ryangrim You don’t see any idealogical issues with this and/or historial examples where this has been used and hasn’t ended well?
Government seizure of privately held assets?
The reason this debate is so insane is because support for a wealth tax can come from only one of two positions:
1) You do not understand the absolute basics of how the world, economics or money works
2) You do understand, and are a compulsive liar
It really is that simple.
Nothing reveals the innumerate “I don’t know how the world works” of the Left more than wealth taxes, particularly for tech companies.
This is a tax on paper wealth. The founder literally doesn’t have the money to pay. They’re obliged to leave the state or file for bankruptcy.
@KellerZoe@DustinWalper@garrytan@martin_casado Definition of oligarch:
"a very rich business leader with a great deal of political influence (particularly with reference to individuals who benefited from the privatization of state-run industries after the collapse of the Soviet Union)."
It is genuinely mind-boggling how few of the loudest voices on a wealth tax don't have even the most basic understanding of the economic impact of taxing unrealised gains.
You don't need to be an economist to understand this, just 45 seconds of thought will do.
I’m sure people feel very sorry for the billionaires who MIGHT face a small tax on the wealth they are accumulating by giving a robot your job, spiking your electric bill, and destroying the planet.
@karrisaarinen We saw this come up and tried to correct it at my last startup i.e. designers who develop a sense of build complexity start restricting their designs based on perceived build effort.
@TweetsOfSumit It’s almost like the landing page is missing important details. Like what the product is, does and why. If only there were H1 space available for this…