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Didn’t Teddy Roosevelt implement wealth taxes via the Estate Tax and Capital Gains Tax?
These aren’t exactly new ideas. We’ve just slowly dismantled them over the past decades.
Didn’t Teddy Roosevelt implement wealth taxes via the Estate Tax and Capital Gains Tax?
These aren’t exactly new ideas. We’ve just slowly dismantled them over the past decades.
My summary of his book is that people rise to power by contributing to the greater good. They empathise with those around them and are likeable. Power is thus given to them by others.
The paradox is that it’s been suggested by several studies that those that gain power (or those that feel powerful) tend to be less empathetic and focus more on themselves.
He does not prescribe to the Lord of the Flies world view.
Keltner’s The Power Paradox covers this phenomenon. As we rise in power and influence, it is very easy to lose those same qualities that allowed us to gain power in the first place.
This is a great example of why completely de-regulated markets don’t work. It’s the government’s job to ensure that consumers have choices and prevent both regional and outright monopolies.
Provision of choice allows consumers to vote with their wallets unless firms collude to fix prices.
Either way, this is the fault of government regulators.
I do believe market economies are still the most efficient means of managing resources, but there have to be guardrails. Free Market implies that consumers are free to choose, but that choice shouldn’t come down to Option A or Nothing.
Yes. We will never be able to change the things we want to change unless we first understand them. Also, money.
Exactly. IP law is foundational to any functioning market economy. Reform == Delete