Financial event horizon

From Issuepedia
Jump to navigation Jump to search

About

A financial event horizon is the distance from a financial gravity well at which its effects become inescapable.

Notes

1. the tendency of extreme concentrations of wealth to create local price-distrortions (maybe this should be "financial gravity well"?

2. the tendency of extreme concentrations of wealth to concentrate ever further over time, both by operations under existing law (e.g. mergers & acquisitions) and by modifying the law to further support those aims (e.g. reducing high-end tax rates, legalizing loopholes that only very large corporations could use, obtaining subsidies for themselves, etc.)