>So, based on these 3 observable points, we should "Tax the living hell out of capital"?
Sure, because the government is supposed to provide infrastructure, which in turn allows all kinds of other stuff to flourish on top.
All those examples that private capital gave - who built the internet and spent enough money to create the early market for computers?
>I still not getting it.
If the government is supposed to supply education, health, and infrastructure, then it needs to be paid for somehow. Corporations don't care since there is no immediate monetization possible (plus tragedy of the commons aspects) and the free market simply assumes this stuff appears out of the thin air (externalize the cost somewhere else).
Sure, because the government is supposed to provide infrastructure, which in turn allows all kinds of other stuff to flourish on top.
All those examples that private capital gave - who built the internet and spent enough money to create the early market for computers?
>I still not getting it.
If the government is supposed to supply education, health, and infrastructure, then it needs to be paid for somehow. Corporations don't care since there is no immediate monetization possible (plus tragedy of the commons aspects) and the free market simply assumes this stuff appears out of the thin air (externalize the cost somewhere else).