"Why Elite Athletes Are Generally Smarter Than Us"
Robert Reich: "Corporate greed at its absolute worst."

"Taxing unrealized capital gains is a terrible idea"

Excellent discussion by Tyler Cowen.

If this is supposed to be a major revenue source for our government, why make the budget so dependent on capital gains, realized or otherwise?  How has that dependence worked out for the state of California?  What happens to the broader budget during recessions and asset price crashes?

Or just try the very simplest of “small c conservative” questions — how many countries have ever made a system like this work?  None, and yes I do know about the much smaller, more limited, and also abandoned French wealth tax.

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