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Ok, fair point.

But as someone already mentioned, would we want someone like Elon Musk to not work?

Just because you don’t have to work doesn’t mean you wouldn’t want to anyway - perhaps money is not the only motivation for working when your basic needs are met.

But this theoretical Elon Musk would need to raise capital, correct? Would people who provide the capital still be taxed so much they don't find it worthwhile?

If not, you've just created a class who is going to be making a ton more money than anyone else.

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