3 ms·

What about a very aggressive inheritance tax?

• smt88 10y ago
  I don't know what effect that would have. I do know that some countries have very, very high capital gains taxes (30% or more) and no income tax. The goal is that people who work and provide value are not taxed, and the wealthy are taxed while their money is doing the work for them (rent-seeking). That's a great solution to the problem in theory, but it doesn't work very well in a modern economy. If capital gains taxes are too high, the wealthy will find ways to shelter their income from them.
  • internaut 10y ago
    Yes it's hard to tell what will work in practice. I'd setup Seasteads with different taxation systems if I had the money, which of course nobody does. Still an experimental approach is what's warranted. We wouldn't run a pharma trail without a control group on millions of people simultaneously.