But anecdote are by nature not as reliable as actual studies.
Sounds a lot like "trust the authorities". Yeah, no. Tell your fucking mama to trust them. I have my middle finger up for your "studies" till the end of time.
maybe the problem is that people who aren't very bright have trouble reading actual studies so they like to dismiss them rather than actually grapple with the evidence?
Sure maybe everyone but the "authorities" (oh and you of course) are just too dumb. Suuuuure..... but maybe the problem is that corporations and government agencies can pay for and cajole any result they want from "studies" then smarmy "It's not personal" folks like you can "fact check" using "experts". I notice science and skepticism don't really enter into it at all. It's just institutional authoritarianism given a convenient way to shut down any skepticism.
If "team science" wanted to have calm, rational, science based debates they'd have done that instead of screeching censorship and going after folks jobs and other highly personal attacks. I saw first-hand "Team Science" dumped sand and mulch into outdoor skate parks to "stop the spread" (those brilliant geniuses then forced kids inside to play video games, minus the ventilation and UV, instead). They shut down small businesses while letting big business remain open while demanding Churches and right wing protests shut down. More apropos to this conversation, they flooded the journals with flimsy propaganda style papers that were later found to be wanting on all kinds of topics like how effective Hydroxychloroquine and chloroquine were, Ivermectin impacts, origin research, and mask studies. So, fuck your political "studies". Your pathetic "team" already ruined that avenue of argument by diluting their "work" with propaganda whenever they found it convenient (it's called lying, by the way, and it's how you lose credibility). You don't get to point to ginned-up "papers" anymore, cunts, that ended in 2021, if it was ever a valid strategy for arguing or proving anything.
The post war period wasn't equity experiments you dunce. It was just high marginal rates and plenty of public investments.
High rates, sure, but growth came from private ingenuity, not government handouts. Calling me “dunce” while you are ignoring who actually builds wealth? However, that's your norm, once you realize you're on your back foot, you trot out the ad hominem. Since you're a Communist, you're always on your back foot.
Sorry but 95% of investors don't moonshot and again you have no evidence that a high marginal rate stifles innovation.
No evidence? Post-’70s stagnation begs to differ;high taxes choked risk-taking until Reagan’s cuts unleashed tech booms. Innovators thrived despite rates, not because of them, but the bill came in the 1970's and it wasn't pretty. Simply burying your head and ignoring the point rather than debating it doesn't change anything. You can keep denying the truth and I can keep telling it.
The tax article is a though experiment and a bit of trolling.
So you troll with the utter MMT nonsense, then cry “edgy” when I call it out? Hypocrisy alert: don’t dish what you can’t take. Ayn Rand said it best: “Wealth is the product of man’s capacity to think.” Government’s a parasite, not a producer. Taxes aren’t theft; they’re robbery with the threat of force and no amount of hand-waving will change that basic easy obvious fact either.
Disagree, I think the outcomes are bad. I think billionaires are bad for society on the whole and the upsides are better. For historical reference see 1945-1970 USA.
That's the golden era you pine for? Sure, post-war boom times, but let's not cherry-pick: it rode on wartime innovation, global dominance after Europe got bombed flat, and yes, high marginal taxes; but growth stemmed from entrepreneurial fire, not bureaucratic benevolence. Correlation ain't causation, my friend. Fast-forward to the '70s stagflation that followed your "equity" experiments, and the lesson's clear: heavy-handed policies breed malaise, not miracles, just like they actually did. History is a nice reference that way, just like experiments by Lenin, Mao, Pol Pot and many others.
For real is someone going to be less motivated because they can only have 9 figures of wealth? Also we'd have far more investors to innovate! More millionaires!
Ah, the classic "they won't notice the cap" fallacy. Incentives matter, profoundly; clip the upside, and you dull the edge of ambition. Why risk it all on a moonshot when the state's skimming the cream? And sure, more millionaires sound peachy, but diffusing capital often means safer bets, not bold leaps. History's littered with garage tinkerers who became billionaires precisely because the potential reward matched the peril. Spreading it thin is how you get a thousand incremental apps instead of one paradigm-shifting SpaceX or young Hewlett Packard, early Ford, many others...
No, all those industries got investment. Musk nor Bezos not Altman or any of them just do it with their own wealth, they find other wealthy people to buy in. Even for Twitter Musk didn't use all that much of his own money, he found investors. I am talking about expanding the amount of investors.
Fair point on syndication, but who seeds the vision? Those "other wealthy people" flock to proven disruptors who've already bootstrapped with their own skin in the game. Cap wealth arbitrarily, and you choke the pipeline of those initial risk-takers. It's not about hoarding; it's about voluntary exchange fueling progress. I know how all that voluntary and freedom stuff makes your jealous blood boil. Heaven forbid people decide how to spend their own money or want to keep it from a half-crazed irresponsible nuclear armed Uncle Sam.
Also it's not robbery if they never earned it. All money belongs to government, your paycheck is a rebate. Modern Taxation Theory [medium.com]
Whoa, now we're in full MMT fever dream/fantasy: government as the font of all value? That's not theory; that's theology for you Communists. As Frédéric Bastiat wisely quipped, "The state is the great fictitious entity by which everyone seeks to live at the expense of everyone else." Your rebate rhetoric lame ly tries to flip the script but individuals create wealth through labor and ingenuity; government merely steals a slice at gunpoint. This is the point you communists always bury your head to not-see. You cannot stand the fact that folks can easily point out that you're ROBBING them with a clear threat of force. Your MMT sermon’s cute, but it’s like saying the sun owes its heat to a thermostat. Government produces zilch! Value flows from people creating, trading, and most of all: risking. Your “rebate” fantasy pretends the state’s a wealth fountain, not a leech skimming off labor. Ludwig von Mises correctly identified this situation: “The only source of the generation of additional wealth is production, not government edict.” Cap wealth, kill incentives, and expect innovation to wither. Why back a system that mistakes the scorekeeper for the scorer?
Nothing I am talking about has anything whatsover to do with Communism, that is absolute cope on your part. You're the one reeing here with the classic "all taxes are communism". "Government does thing means socialism". Yawn. Not serious.
No one's yelling "all taxes are communism"; that's a straw man on stilts you just fabricated. I'm asserting income taxes (and most taxes) are pure robbery, but that's just a simple fact. Try not paying if you disbelieve me. But when you advocate for engineered "equity" via wealth caps and state supremacy over earnings, it quacks like collectivism, even if you slap a "modern" label on it or try to obfuscate your suggestion of robbery. I'm all for serious debate: free markets aren't perfect, but they've empirically outpaced every top-down scheme. You can shy away from the Commie label all you want, but you're championing the same ideas... Communist.
If you steal from one author it's plagiarism; if you steal from many it's research. -- Wilson Mizner