From: Rafal Smigrodzki (rafal@smigrodzki.org)
Date: Fri Jul 25 2003 - 17:44:51 MDT
Brendan wrote:
> On Thu, Jul 24, 2003 at 01:42:23PM -0700, Rafal Smigrodzki wrote:
>
>>>
>> ### They go to the store, buy a robot, and ask it to work on their
>> behalf. In other words, they invest their capital, instead of their
>> labor. Since the return on their capital is higher than the return
>> on their labor (obvious - they can't sell their labor because it's
>> too expensive compared to the labor of a robot), they end up being
>> richer than before, in absolute material terms, at least as a
>> first-order effect.
>>
>> Where they get the capital to invest is a different issue altogether.
>>
> No shit. So what is your suggestion?
### Massively progressive inheritance tax is collected from dead people, and
distributed evenly as a dowry at maturity, giving everybody a level playing
field.
Rafal
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