so i'm thinking this allegory could also apply to tax credits to farming. I spoke with a farmer recently who mentioned that they pay 30-50% tax on net income. So the incentive is to buy equipment every year that can reduce their tax to zero.
At a certain point, however, they don't need new equipment. And why buy new equipment when the old equipment is perfectly fine.
there is a stiff penalty if they try to build wealth outside of their farm.
Goji berra / Gar bear
npub1g4…ltqvs
2024-09-24 11:45:49
in reply to nevent1q…awqg
Author Public Key
npub1g49uyac6d83sss7sln8aumsstle7m3wxwwvc8mmpqsnr8e9f2cdq6ltqvsPublished at
2024-09-24 11:45:49Event JSON
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