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by TomVDB 2633 days ago
You’ve just made it completely impractical for anyone to invest their cash in, say, heavy machinery or a new fabrication plant.

Is that your intention?

2 comments

Did I? If you invest in a piece of heavy machinery does it just sit around doing nothing, i.e. not generating any sort of profit.

No it's an item that produces work, unlike a painting which I'm totally OK with making it impractical to invest in.

"illiquid asset" was all you wrote. That's completely orthogonal to "doing nothing."
It's pretty clear he wants to tax people out of spite.
Guessing the intentions of others is an ugly look.