The tax code is the solution to income inequality, but not in the way you think. It’s not about taxing the rich and taking the money to the central government and redistributing it. It’s about changing the tax code to encourage the investment of wealth into our society, into long-term projects, into long-term investments. It’s about taxing people when they die to eliminate the generations of heirs and rather, drive that money and incentivize that money, to be invested into entrepreneurs who can adapt and evolve our society. So, tax code inequality? Yes. Tax the rich and redistribute? No. It’s about driving the money into society using the tax code. Not taking from one and giving to another.
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The views expressed here are solely those of the author in his private capacity and do not in any way represent the views of dough inc.
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