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Pittsburg, Kansas | What would be your answer to corporations? Have them reset and start over every so many years? And who would get the tax? The government, so they could redistribute it to someone else. That is not a free market solution. That is a big government solution.
I suspect with high estate taxes farm land would drift toward more corporate ownership instead of individual ownership.
I see individual wealth as being a different situation than monopolistic corporate businesses. I'm not advocating taking anyone's wealth away. I have no problem with people being wealthy. I have a problem with unfair practices that give advantages to politically well connected people/organizations so that their business practices benefit them to the detriment of society by not allowing fair and honest competition.
Dynastic wealth and unfair business practices are different issues.
John
Edited by John Burns 1/7/2016 19:22
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Bill Gross on current investment climate.
