Generally agree but the disproportionate concentration of health has occurred in the upper 0.1% who are the same people who have access to borrowing money at 0% interest. tis permits that class to accumulate productive assets for no risk. Michael Taylor openly admits he borrowed money at 0% to buy bitcoin which appreciated at 300% this year alone. It is so bad that Bernard Arnault of LVMH purchased Tiffany's using negative rate bonds issued by Bank de France. His firm was in essence paid by the French government to buy one of the greatest bands in history Not work if you can get it. Rather than another taxing scheme that, as in the past, will miss the intended target, correct the problem by stopping the money printing and raise interest rates back to the historical range of 3-4%. Kill the Cantillon economy and much of this pathology will fade into history.
Generally agree but the disproportionate concentration of health has occurred in the upper 0.1% who are the same people who have access to borrowing money at 0% interest. tis permits that class to accumulate productive assets for no risk. Michael Taylor openly admits he borrowed money at 0% to buy bitcoin which appreciated at 300% this year alone. It is so bad that Bernard Arnault of LVMH purchased Tiffany's using negative rate bonds issued by Bank de France. His firm was in essence paid by the French government to buy one of the greatest bands in history Not work if you can get it. Rather than another taxing scheme that, as in the past, will miss the intended target, correct the problem by stopping the money printing and raise interest rates back to the historical range of 3-4%. Kill the Cantillon economy and much of this pathology will fade into history.