Deflation Message Board - Msg: 18257517

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Non-Tech : Deflation

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To: ahhaha who wrote (165)	11/20/2002 8:56:29 PM
From: Maurice Winn	Read Replies (1) of 621

Ahahaha, I agree with your 1980 stuff [as far as I understand what you are saying] regarding tax cuts for the rich as being a non-inflationary way to give a turbo boost to development. I've ranted several times about 'philanthropic investing' which is a phrase I came up with as being the nearest way I could describe the idea of rich people with "high marginal disutility for marginal increases in net income" [if I understand what that jargon means] doing excellent stuff with their oodles of money. Once upon a time [and still to a minor extent] I was a philanthropic investor. As you wrote, once you have enough to buy the groceries, there's a marginal disutility thingamy kicks in. So thoughts turn to investing in something cool rather than just eating more or buying a bunch of stuff. Message 17905942 Message 17905942 Message 17776998 Message 16962024 Message 16317140 Message 16288702 Message 16282706 Message 16276976 I made it quite a hobby horse! If Irwin Jacobs had taken his pile of money back in 1985 and played golf instead of developing CDMA, the world would have been much worse off. Same for $ill Gates when he'd made his mountain. Mqurice

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