News for hackers. Stuff that matters.

A comment on Is Productivity Growth Becoming Irrelevant?. Parent comment

Re:Is Productivity Growth Becoming Irrelevant? by justonepost on Sunday July 23, 2017 @05:20PM (#14834457)
I dunno, quant is taking over short term trading and reducing volatility. Computers are automating fintech and rote legal work. It took awhile, but the free market is working things out. No need for government interference.

If government wants to get involved, they should replace wealth generating income taxes with taxes on planet destroying consumption.

[ Parent | on HN ]
Re:Is Productivity Growth Becoming Irrelevant? by RealityNow on Sunday July 23, 2017 @11:33PM (#14835712)
The government created the internet, GPS, and funds much of the innovative research going on.

I totally agree with reforming our tax system away from income taxes and towards a land value tax, carbon taxes, and other Pigovian taxes. Or at least we can start taxing capital gains at the same or a higher rate than income taxes.

[ Parent | on HN ]
Re:Is Productivity Growth Becoming Irrelevant? by jopsen on Sunday July 23, 2017 @08:09PM (#14835070)
Gradually moving from income taxation to resource taxes would certainly counter balance some of this...

In fact most countries already do this through taxes on fossil fuel, etc. The US has a bit of catch up to do there.

[ Parent | on HN ]