We see that this change was a good idea, but it went too far and has remained in place for too long.

In order to fix that, you’d have to re-institute all those legal tax shelters that had the rich buying percentage shares in a cow, in order to lower their AGIs. I am unaware of any economist, leaning right or left, who believes that was an efficient system.

Do you have another idea?

Data Driven Econophile. Muslim, USA born. Been “woke” 2x: 1st, when I realized the world isn’t fair; 2nd, when I realized the “woke” people are full of shit.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store