Re:Taxation of Carried Interest
by conanbatt on Monday June 11, 2018 @08:12AM
(#17283580)
God no. The broken window fallacy comes back from 1830, before Bastiat.
If you pay someone to do nothing you waste both the money you used that could have gone to something useful and the time of the person that would have done something else, hopefully productive, instead.
Re:Taxation of Carried Interest
by sjwright on Monday June 11, 2018 @11:50PM
(#17290584)
That assumes that a maximally efficient economy is also the maximally desirable. I strongly disagree. (Though if a generous UBI was already in place, I could change my mind...)
If you pay someone to do nothing you waste both the money you used that could have gone to something useful and the time of the person that would have done something else, hopefully productive, instead.