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RE: On self and finance #2: Capital in the Twenty-First Century

in LeoFinance3 years ago

Corporacy doesn't sound too good of an outcome... A proposed solution for the Facebooks and such increased power I heard could be some kind of taxation of information, so that there would be a cost for holding it, though I can't see how that could be implemented since they can already evade taxes. There probably needs to be a decentralized solution for that too. The country taxation system is becoming archaic especially for global corporations who can evade them anyway.

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Yeah it’s pretty absurd that regular citizens pay taxes on their income while the biggest companies don’t and the richest individuals earn most of their money from their money growing money.

Andrew Yang talks about those kind of taxes to fund UBI. I love the intention of UBI but I don’t know how you prevent inflation (though UBi would certainly be better than this endless printing of money without UBI) and I don’t know if we should all get used to relying on institutions for our well-being.

I don’t know but I feel something better will arise out of the chaos where we least expect it.