She is the first woman — who, moreover, is neither a Rothschild by blood nor Jewish — to lead the main bank of the legendary financial dynasty. She warns that a stock market bubble is forming: ‘Valuations are very high’
Taxing the rich is not just “oh we as a society want money to do things, so let’s take that money from the people who have it”.
Taxing the rich is about removing the incentives that wealthy people have to seek out and hoard more wealth. Get them to stop trying to control everything and seek rents. Convince them to just be satisfied with being, in 2025, a USD hundred-millionaire. Force them to enjoy an early retirement.
Taxing the rich is not just “oh we as a society want money to do things, so let’s take that money from the people who have it”.
Taxing the rich is about removing the incentives that wealthy people have to seek out and hoard more wealth. Get them to stop trying to control everything and seek rents. Convince them to just be satisfied with being, in 2025, a USD hundred-millionaire. Force them to enjoy an early retirement.