3min chapter

This Week in Startups cover image

Joel Greenblatt on understanding market factors, improving public education, reducing income inequality & more | E1159

This Week in Startups

CHAPTER

Is the Wealth Tax Really Insane?

The wealth tax is a insane idea. It would destroy the public markets, because who would ever go public again if you had a daily quote that moved up and down? Let's just say they were wrong. Wherever it's been tried, it's been a complete failure. Don't think we'll have to discuss it very much. I mean, other than in a theoretical sense. And then when people go through all the practical problems withit that you're discussing, and all the disaster will cause people spending time doing things that are completely unproductive. Look, i for people paying their taxes, and i think we should have fair taxes. But some of the things that have been discussed

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