@cshentrup @sjwrenlewis I don’t think Warren Buffey’s efforts have done anything for anyone other than himself and his investors. There is zero effort that so-called superstar capital allocators do any good for overall output. That said, I don’t think Buffet’s behavior would have changed at all if his taxes, but all his peers too, cut his current income by 50%. At his level, it’s just keeping score. Nothing changes as long as the same tax applies to all the players.

@cshentrup @sjwrenlewis avoidance is a real concern, sure. but we can harmonize rates aming civilized countries, and use the force of law in other ways, to discourage it. the rich have it pretty good in Western liberal democracies. Being worth only one hundred rather than several hundred or a thousand times the median human is a small sacrifice to make for the privilege.