Quote of the Day
As cities and blue states become more confiscatory and hostile to property rights, they drive out wealthier people and wealth creators. And as prosperous people leave, the politics become more confiscatory and hostile to property rights. And the cycle continues.
May 8, 2023
America’s ‘Atlas Shrugged’ Moment Arrived, New IRS Data Show
Interesting observation. It is possible that all positive feedback loops in the social order are bad news for the participants. The only thing I know for certain is this feedback loop is not an exception.
I would like to have a good model for the state of things a decade or so after “Atlas Shrugged”. Somehow, I don’t think it will bear much resemblance to Gault’s Gulch in Colorado as envisioned by AI: