I wonder what would happen to costs if we had a 90%+ tax rate on the ultra wealthy... maybe if all these record profits were instead funneled back into society everyone would be better off AND prices would drop... a system like this would be good for society it seems... we should come up with a good name for that system, tho...

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azan_ 26 minutes ago | parent [-]

I think its pretty naive to thing that it'd work this way. It's really bad idea. If someone has company that debuts on stock market, and stock price increases let's say 100x times, who is he funneling the funds from? I'd say it's not funneling but creation of wealth, economy is not zero-sum game.

	▲	thfuran 9 minutes ago \| parent [-]
		If someone has a company doing an IPO, it’s extremely unlikely that the company was so small that one person did all the work. Why is it a given that one person should retain nearly all of the proceeds of the sale? To answer your question, that person is funneling funds from investors who are expecting returns derived from the labor provided by the undercompensated employees.