While true that they are terrible capital allocators, you cannot deny the fact that they are presently in control of all tax, which includes everything from capital gains tax rates to deductions and property taxes etc. Wheather we like that or not is irrelevant, it is a fact. The ”personal property rights” you claim exist are already severely limited as it is. This is why it is quite a leap to call these moves dystopian — it is more an issue of working within already existing structures by re-evaluating tax rates and adapting incentives to nudge investments in other directions.
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I think the reality of this is far, far simpler and far more obviously self serving than “being helpful”:
They live entirely in the bottom left corner of the give-a-shit matrix, they need more money for war and all their “grand plans,” they’ve already squandered everything they get, they need another way to siphon money from the people to them.
Thats it, that’s all this is, and it’s naive and ignores the evidence to believe it’s anything but exactly that. They will have a plan (whether it ends up being this or not) to default allocate pensions and investment funds from employers or retirements or whatever else, into their pockets, which will get loaned against at interest rates good for *them,* not the saver, and then they will spend it all and IOUs who’s loss of value continues to accelerate will sit in the actually empty accounts of everyone hoping to retire one day.
The entire thing is a scam, everything they do is the same, and this is more of the same. They take, they waste, they kill some people, we pay.