On: Hermann Hauser: ‘It’s in Nvidia’s Interests to Destroy Arm’

[deepnotderp]

Well, taxes hurt new money the most, which is why so many of those people on your list are inherited money and very few of them got rich from tech.

It turns out that extreme taxation helps aristocrats...

[johnday → deepnotderp]

Taxes on income do as you say. There are other forms of taxation which are gaining political ground over time, including a land value tax and (to a lesser extent) a wealth tax.