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<blockquote data-quote="rentier" data-source="post: 67465" data-attributes="member: 306">Braindead take tbh, billionaries are billionaries by proxy. They hold stakes in their respective companies and not transferable money. These assets are nominally liquid in small quantities, but not one famous billionaire ever cashed out. Ultra-rich people are rich in WOW gold and not in real money, they can&#039;t sell stuff and run away - see what happened to e.g. Oleg Tinkoff (owner of a major bank that was reduced to a millionaire). So in effect you are proposing levying taxes on the industry, and if we look at CCP-ruled China, they have about twice lower taxes to GDP ratio than the US and consequently third that of EU countries. The result of higher taxes in the West is as follows: US infrastructure is badly maintained and the idle class demands moar gold, EU can&#039;t scramble enough money for their war projects. What amuses me is there are persons on this forum posting this homosexual Peter Zeihan&#039;s takes on China. He&#039;s been on the same page for over 10 years and China kept adding 5%+ in real economic growth every year. Percents compound, you know.</blockquote>

[QUOTE="rentier, post: 67465, member: 306"] Braindead take tbh, billionaries are billionaries by proxy. They hold stakes in their respective companies and not transferable money. These assets are nominally liquid in small quantities, but not one famous billionaire ever cashed out. Ultra-rich people are rich in WOW gold and not in real money, they can't sell stuff and run away - see what happened to e.g. Oleg Tinkoff (owner of a major bank that was reduced to a millionaire). So in effect you are proposing levying taxes on the industry, and if we look at CCP-ruled China, they have about twice lower taxes to GDP ratio than the US and consequently third that of EU countries. The result of higher taxes in the West is as follows: US infrastructure is badly maintained and the idle class demands moar gold, EU can't scramble enough money for their war projects. What amuses me is there are persons on this forum posting this homosexual Peter Zeihan's takes on China. He's been on the same page for over 10 years and China kept adding 5%+ in real economic growth every year. Percents compound, you know. [/QUOTE]

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