Earlier quoted context omitted.
> retirement funds are built with the assumption of infinite growth Of workers. Because retirement funds take money from workers to pay for retirees. Assets and productivity, on the other hand, can grow a lot more than the population. Right now it's considered communism to tax assets. Once we get over that taboo things'll go a lot smoother.
That would destroy the incentive to save. Why put aside a dollar now, only to have it taxed every year? Better to spend it while it’s whole. That changes future value calculations, too. These are things not to mess with lightly.
Yes, that's the whole point. That's a good thing. Money is meant to be spent, not be hoarded and slept on forever. Money velocity is terrible right now, capital generates more income than wages, this is neither healthy nor sustainable, and certainly isn't fair to the ones actually doing the productive work.
In the ideal society there'd be no Epstein or Thiel, everyone would have a rewarding and productive economic activity.