[rtpg]

If a lot of money is just flowing in circles between a small group of people, then that's effectively taking money out of circulation.

I'm not a fan of money going into a bunch of real estate, but given that our society is built around certain kinds of transactions (financing stuff via income/property/sales taxes, plus... y'know, paying people wages and having wages go up eventually) having a bunch of people use their stockpiles of money to just shift stuff between each other in m&a deals doesn't get us far.

[doctorpangloss]

It's almost as though we already live in the high tax society Paul Graham hates so vehemently, with all its supposed inefficiencies. The taxes are just paid to private, unelected elite instead.

[hi5eyes]

and you hit the nail on the head

>The taxes are just paid to private, unelected elite instead.

of which tesla bears use as a point when writing about the company, tesla/boring/spacex/the defunct solarcity are all vehicles for elon to "burn tax money" on his own megalomaniacal ideas, of which the arguments are about his companies and whether or not they... change anything about their industries