An economist at the forefront of the growing global push for a billionaire wealth tax is welcoming news that U.S. Democratic presidential nominee Kamala Harris is embracing calls for a minimum levy on the United States' richest individuals.
Its a field where the actions and the effects are so separated from each other that its easy to pick and choose what effected what. This was not due to this but due to an earlier decision or not if someone wants it the other way. Leads to folks making conclusions based on their own personal economics. The purists will at least be lead by core philosophies. My personal one is that money has no actual resting value (value is based on issuing entity based on debt and revenue [taxation] and not in the substance excepting its physical makeup if any) and only has value in a transaction (at which point it has value in relation to the transaction and its actualized). A bit like potential and kinetic energy.
Its a field where the actions and the effects are so separated from each other that its easy to pick and choose what effected what. This was not due to this but due to an earlier decision or not if someone wants it the other way. Leads to folks making conclusions based on their own personal economics. The purists will at least be lead by core philosophies. My personal one is that money has no actual resting value (value is based on issuing entity based on debt and revenue [taxation] and not in the substance excepting its physical makeup if any) and only has value in a transaction (at which point it has value in relation to the transaction and its actualized). A bit like potential and kinetic energy.