Re:McKinsey, technocratic management, and structural inequality
by xyzzyz on Tuesday February 04, 2020 @08:04PM
(#22243018)
Why on earth should we care about illiquid wealth that can’t be used to do anything?
You can watch here[1] how Larry Summers asks Emmanuel Saez, the leading proponent of wealth taxes, how liquid wealth gives individuals power in their personal capacity. Given how extremely underwhelming Saez's response is, I can't imagine any of the wealth taxes proponents having a good answer for the illiquid situation.
You can watch here[1] how Larry Summers asks Emmanuel Saez, the leading proponent of wealth taxes, how liquid wealth gives individuals power in their personal capacity. Given how extremely underwhelming Saez's response is, I can't imagine any of the wealth taxes proponents having a good answer for the illiquid situation.
[1] - https://youtu.be/oUGpjpEGTfE?t=3869