Re:Paul Singer, Doomsday Investor
by toss1 on Wednesday August 22, 2018 @10:16AM
(#17818812)
ok, fair enough, so this is more a regulatory than a tax approach.
I'm not against it, but I wonder at it's effectiveness, as regs are subject to many of the same loopholes, exclusions, and workarounds as taxes, along with regulatory capture (see FCC and Net Neutrality).
Neither is perfect, and I think we need both.
E.g., rags/taxes to cap CxO pay multiples -- so they have to bring up the pay of the average worker if they want higher exec pay. Regs for minimum wage above the poverty line...
either way, I think we need to get the masses of idle capital back into the middle class if we want a robust country and society.
I'm not against it, but I wonder at it's effectiveness, as regs are subject to many of the same loopholes, exclusions, and workarounds as taxes, along with regulatory capture (see FCC and Net Neutrality).
Neither is perfect, and I think we need both.
E.g., rags/taxes to cap CxO pay multiples -- so they have to bring up the pay of the average worker if they want higher exec pay. Regs for minimum wage above the poverty line...
either way, I think we need to get the masses of idle capital back into the middle class if we want a robust country and society.