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by dcow 2778 days ago
I love this idea: zero profit capitalism. Sure some people would abuse savings accounts more than others, but taxing standing profits on a gradually increasing scale the longer they stand (sure the market already does this at a minute level, but it's not enough to deter wealth hoarding) seems like an effective way to solve the wealth extraction problem corporations introduce.
2 comments

Brings to mind Paul Newman: https://newmansown.com/
Zero-profit capitalism has another name: hobby.
If it pays for your living it's not a hobby.