It’s Gilder “launching a new economic theory” rooted in the essential truth that knowledge is the true wealth. Please read on for thoughts on why.įor now, Life After Capitalism is just so good. But tax rates arguably aren’t the work catalyst for the reasons long expressed by supply siders. That supply is the source of all demand is a tautology. About the Post Office, a card-carrying, well-regarded and well-published supply sider once literally told me that high tax rates would cause our greatest entrepreneurs to take jobs in the Post Office…About all this, tax rates DO matter. The latter tells us they too aren’t checking individual tax rates ahead of time before deciding whether to work at the Post Office or start a new business. We’re talking about people obsessed with inventing the future. To Gilder, wealth is the creation of information, and individual tax rates arguably aren’t as relevant there, particularly in technology.
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