2 ms·
Why is that bad? Asking purely out of ignorance.
by eppp 10y ago
Why is that bad? Asking purely out of ignorance.
- salamisultan 10y agoIt skews asset creation. You do not want to macro the econmy like that
- bduerst 10y agoJust off the top of my head: - It causes wealth to consume it's own base, depreciating all assets faster even in lieu of inflation - It disproportionately punishes seniors, who are asset rich and income poor. - It encourages the wealthy to move and hide assets offshore just like they do with income. - Double taxation: Wealth is already taxed when it is created - Punishes asset rich, low income businesses like grocery stores, farms, etc.