While we’re waiting, capital markets are a tax break masquerading as a price discovery mechanism.

If you take your money and lend it to banks, who lend it to people, not only do you get close to zero interest but also you pay full tax rate on the interest and it cant be written off since its ordinary income 1/

if you take your money and buy apple stock, they will do buybacks and raise prices which pumps your stock price, when you sell it you pay 20% max which is limitlessly write offable 2/

we know how much tesla and apple are worth or at least close enough we dont have to sell the human race’s future in tax free gains to billios to figure that out. 3/

there is no real reason to givs tax breaks to investors, they are by far the group who benefits the most from civilization. 4/4