Thursday, January 27, 2011

The epistemology of wealth taxes

Avik Roy wants me to explain it.
It is simply this.  Somewhere in the first year of the Bush 'deficits don't matter' administration, wealthy people gave upon our current central government, set a bound function that it could not survive in the current form and simply wanted out.

They are right, central government as we know is is unsustainable.  The solution, according to channel theory,  is to reconfigure state boundaries every so often.

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