börje on Nostr: While true that they are terrible capital allocators, you cannot deny the fact that ...

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.