The buried lede is an assertion that a tax on unrealized capital gains will cause reduced private ownership of large companies, resulting in a reduced ability to handle 100-year flood events.
Along the way, there are a bunch of other assertions that serve as prerequisites, like the idea that these companies can cultivate better employee loyalty and plan for longer horizons.
How much do we know about how true that is, though? Do privately-owned companies disproportionately survive these sorts of events historically?
Along the way, there are a bunch of other assertions that serve as prerequisites, like the idea that these companies can cultivate better employee loyalty and plan for longer horizons.
How much do we know about how true that is, though? Do privately-owned companies disproportionately survive these sorts of events historically?