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0 pointsig115y ago0 comments

Each market is different. Even between developed markets, what might work in London might not work in New York or Tokyo.

Sure you can block all innovation, but you need to accept you'll block out the good as well as the bad. And that comes at the cost of economic growth.

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jfoutz15y ago

It's a wildly unpopular idea here, but i think a progressive tax really encourages innovation.

A zillion small scale trades with little to no tax consequences encourage people really explore the space. Effective strategies grow till efficiency is overcome by tax friction. "To big to fail" is limited by the structure of the system, rather than regulation.

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