It’s not wasted in the slightest. That’s why it’s absolutely a loss. A loss, fel... | Hacker News

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		zaroth on March 12, 2024 \| parent \| context \| favorite \| on: Biden proposes 30% tax on crypto mining It’s not wasted in the slightest. That’s why it’s absolutely a loss. A loss, felt in particular, by the many thousands of people employed in the vast supply chain which is the yacht building industry. I’m not sure what you mean by production being “invested to further increase productivity” - seems like a non-sequitur.

opportune on March 12, 2024 [–]

This is the lump of labor fallacy in reverse isn't it? Those people would eventually be employed by other industries - both the labor and $ formerly going to yachts would be used somewhere else.

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