[ExI] Why is “cost of living” such a big problem?

[spike at rainier66.com]

>…> On Behalf Of John Clark via extropy-chat
Subject: Re: [ExI] Why is “cost of living” such a big problem?

 

On Tue, Nov 3, 2026 at 10:48 AM Brent Allsop via extropy-chat <extropy-chat at lists.extropy.org <mailto:extropy-chat at lists.extropy.org> > wrote:

 

>>… I agree with spike.  There must be a free market for medical R&D and people should be able to get obsenely rich by being successfull in this. 

 

>…I agree with that too. … that is not in contradiction to being in favor of a tax on trillionaires….

 

There already is a tax on trillionaires: income tax.

 

>…A century ago people said an income tax would destroy capitalism. It didn't. And neither will a tax on trillionaires….

 

The income tax on trillionaires didn’t destroy the trillionaire, you are right.  It didn’t destroy the billionaires, millionaires or thousandaires.  Investment capital adjusted to take it into account.

 

 

>>We simply need to find a way to ration all this great stuff, and be Ok with only a few getting it at first, untill we can afford it for everyone.  But until then....

 

... let them eat cake? 

 

>…John K Clark

 

Ration or not, cake devouring or otherwise, the investors in medical R&D must be paid somehow.  Everyone would like to hold stock in Pfizer.  Otherwise they will not invest in medical R&D.  Their investment will go into other fields.  There is nothing the least bit complicated about that.

 

spike

 

 

 

 

 

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.extropy.org/pipermail/extropy-chat/attachments/20261103/fa2a9085/attachment.htm>