People say that capitalism has failed us, but capitalism's goal was never to please us in the first place. We failed to give capitalism the right cost function to optimize for. I think a good way to steer the optimization is to introduce penalties for undesirable behavior. That is, taxes! In the US we tax income, property, and profit. Unsurprisingly, the wealthy have found ways to hide all of those. We should tax wealth directly and carbon, sugar, empty apartments, etc
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