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timtyler comments on The President's Council of Advisors on Science and Technology is soliciting ideas - Less Wrong
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We've been through this before. Very high returns by themselves give no guarantee that you'll be able to live off the interest on a modest amount, since the price of whatever you require for subsistence may be increasing at an even higher rate.
I generally approve of this analysis.
In a competition for limited resources, those relying on interest payments from capital seem likely to get progressively poorer - relative to those with interest payments from capital and income from work - even if the work income is taxed and redistributed.
Yes, the poor can vote in tax increases - but the rich can lobby the government, perform tax dodges, seek out tax havens - and so on. I know which position I would rather have.