Gregory's Server
Do I really need to explain it again and again?
Are you deliberately trying to drive me into insanity?
If returns on financial investments are taxed lower than those in labour and entrepreneurial activity (which is the case), the latter two need far higher yields to become competitive.
Why would you invest serious money into building batteries or setting up repair shops, if you can just buy real estate or invest in financial instruments, which
1/2
@Konafets
provide you with nice returns (until bubble burst), but have absolutely no benefit for society as a whole, except for driving up real estate and stock prices, thus feeding the bubble?
2/2
@chowderman @mmm @phneutral