25iQuiz: How would you write an essay on how a nation can benefit from deferring taxes when a business reinvests earnings in productive businesses? Something like berkshirehathaway.com/letters/2019lt…
2/ Assume you are an entrepreneur who created a Korean-Mexican taco truck called Kogi. Assume he takes all earnings and buys another truck and equipment and employs more workers. Is that incentive for the entrepreneur to reinvest retained earnings valuable enough to defer taxes?
3/ "they retain a part of their profits and put them back into the business. Thus there is an element of compound interest operating in favour of a sound industrial investment. Over a period of years, the real value of the property of a sound industrial is increasing..."
4/ It's almost as if one message in this year's Berkshire letter about who benefits from entrepreneurs reinvesting retained earnings in productive businesses is being delivered in a very subtle way that many people will miss. 
