Re:Why Inequality Matters
by vidarh on Thursday October 16, 2014 @02:00PM
(#8466293)
It's easy enough to create systems that grants tax credits for investment vehicles as long as the returns are rolled over into new investments.
Many countries have preferential tax treatments for long term investment vehicles already.
But ignoring that: What is the evidence that this money is best spent by repeat entrepeneurs? Yes, there are some that do well. There's also a vast number of people that succeeds once and never again.
And consider that e.g. Tesla and SpaceX both have benefited immensely from government programs. Maybe society would be better off with wealth taxes were the proceeds were pumped into more programs like these, or even co-investment with private investors with an actual track record track record.
Many countries have preferential tax treatments for long term investment vehicles already.
But ignoring that: What is the evidence that this money is best spent by repeat entrepeneurs? Yes, there are some that do well. There's also a vast number of people that succeeds once and never again.
And consider that e.g. Tesla and SpaceX both have benefited immensely from government programs. Maybe society would be better off with wealth taxes were the proceeds were pumped into more programs like these, or even co-investment with private investors with an actual track record track record.