Joshua Achiam
@jachiam0
Freedom, flourishing, and abundance. Prev: @openai. Main author of
加入 February 2018
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This is a pretty deeply bad idea. This doesn't help the government increase revenue (the nominal goal of wealth taxes), disincentivizes company formation and investment, sets up high-uncertainty time bombs for founders, and potentially sticks the government with extensive equity holdings in companies that are unsuccessful which it cannot unload. This is almost a textbook example of why people feel that the government is bad at capital allocation and the private sector is better at it.
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