An early idea is that skills and hard work get someone a professorship or a BMW, but one needs skills +work+ a lot of luck to get a bestseller or private jet. There is a winner-take-all-effect. Well, the tax system taxes people on skills and work (current income) and gives them a break on luck (capital gains). I am not favoring taxes but, assuming one needs to tax, they got it exactly backwards.
An early idea is that skills and hard work get someone a professorship or a BMW,…
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