re: #506 Obdicut

That’s pretty meaningless, man. It’s made up of a number of individual investments— so they’re not individual anymore.

it’s not meaningless. Every investment is evaluated individually. I either kick my money in or I don’t. If taxes are higher, it makes me less likely to kick my money in, because my potential reward goes down. Yes, you are necessarily investing somewhere else in that case; see below.

Yes. The key being the ‘some investments’ part. Money will continue to be invested. Where it is invested will change, because the risk/reward picture is changing.

Money will indeed continue to be invested. As has been pointed out, burying your money in the mattress is an investment; it’s saying that you think that losing value to inflation is safer than other investments which would lose you even more. However, taxation causes investments that actually build the economy to become less attractive, and “investments”, that are actually hedges, to become more attractive.