Re:Interview with Paul Graham
by fossuser on Saturday September 05, 2020 @01:43PM
(#24385414)
Africa is huge so this comment in isolation doesn't really mean anything.
What parts of Africa? Liberal democracy and capitalism are prerequisites before you can make a wealth-tax no wealth-tax comparison.
People in this thread are also confusing protecting the lower bound in society with taxing wealth. This confusion only makes sense when you think wealth creation is zero-sum (it's not). You can protect the lower bound of society (Europe does a better job of this than the US generally) and incentivize growth/wealth creation.
You don't have to choose one, you can choose both.
What parts of Africa? Liberal democracy and capitalism are prerequisites before you can make a wealth-tax no wealth-tax comparison.
People in this thread are also confusing protecting the lower bound in society with taxing wealth. This confusion only makes sense when you think wealth creation is zero-sum (it's not). You can protect the lower bound of society (Europe does a better job of this than the US generally) and incentivize growth/wealth creation.
You don't have to choose one, you can choose both.