Re:Chuck Feeney Is Now Officially Broke
by maerF0x0 on Tuesday September 15, 2020 @08:02PM
(#24488131)
There is lots of virtue in giving far more to society (remember that rational free markets are value exchanges, each party thinks they got a good deal).
Someone who has a lot of stored up value has given lots to society without receipt of anything but some electronic digits (yet). Plus if the government's rules were working they'd also have paid at least some taxes on all that stored wealth, leading to additional societal value.
in rational free markets sone does not need to give twice because the contribution to society is in the provision of things people want.
IMO most of the debate is missing that America doesnt have free markets and keeps trying to duct tape around it without fixing the actual bug.
Someone who has a lot of stored up value has given lots to society without receipt of anything but some electronic digits (yet). Plus if the government's rules were working they'd also have paid at least some taxes on all that stored wealth, leading to additional societal value.
in rational free markets sone does not need to give twice because the contribution to society is in the provision of things people want.
IMO most of the debate is missing that America doesnt have free markets and keeps trying to duct tape around it without fixing the actual bug.