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Money = leverage is not a sustainable foundation for an economy. Taxing it slows down its velocity and constrains its influence. But it's still a broken model because the aim is almost always zero sum personal aggrandisement, not synergetic creative contribution.
There's nothing wrong with the concepts of social sponsorship and risky adventuring. But it's going to take some completely new political and economic metaphors to make stable non-insane development possible.
Progressive income taxation swings the incentives in the favor of going productive concerns ...
... but then we have just seen five decades plus of gutting the intellectual basis of economics as a social science, just as a side play in the fight to undermine progressive income taxation and protective regulation in the finance sector. I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
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