Tax talk
Here is Dwarkesh’s tweet, based on his recent paper with Trammell, raising the issue of whether wealth taxes will become desirable in the future. A few points:
1. I think quality homes in good locations will be extremely valuable. Those could be taxed more. You could call that a wealth tax, but arguably it is closer to a “housing services tax.”
2.... See more
1. I think quality homes in good locations will be extremely valuable. Those could be taxed more. You could call that a wealth tax, but arguably it is closer to a “housing services tax.”
2.... See more
Taxation in a strong AI world - Marginal REVOLUTION
a) the Trump administration’s domestic economic policies were and still are a levered bet on the power of capitalism to revitalize American manufacturing and enable American AI technology, which contributed to the market movements I described above,
b) its foreign policy has scared and turned off some foreign investors as fears of sanctions and... See more
b) its foreign policy has scared and turned off some foreign investors as fears of sanctions and... See more
Ray Dalio • Tweet
Limitarianism
Discussing how much wealth people can leave behind for their children. Some say estate tax may be punishing people who save hard to have something to bequeath.
But people who need to save hard for that probably won’t fall under the bracket of high estate tax rate.
I don’t feel it’s bad to live in a world where everyone’s sort of dealt
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