this post was submitted on 27 Apr 2024
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I agree with you but the culture around here is exceptionally infuriating for anyone who understands a thing about finance/accounting/tax/money in general so good luck.
Yep, a lot of delusional utopia types...like communism will totally work this time, because everyone will totally get along.
People will always act in their own rational self interest. Idk where people get this idea from that you can legislate market forces. It's like legislating the tides or the seasons. The commies around here walking around bitching about all these mean rich people are so naive it's really incredible.
Well, you can legislate market forces, to an extent. The issue is the degree to which people are demanding tax revenue goes so far as to violate basic math. People want a wealth tax that for the s&p 500 would hypothetically amount to 36 trillion dollars, but the M2 money supply is only 20 trillion total.
That's actually a really good point I hadn't even thought of. Is there even enough actual currency in circulation to pay the tax people are talking about, or is it all locked up in hypothetical future income priced in to the current FMV? Great post.
Yep, constantly hear people act like everyone will just work to help each other without getting anything more out of it. The level of nativity is astounding from them.