>If you think of it that way you can pretty much equivocate capital and income tax They are equivalent. Income is only good for consumption and investment (whi

>If you think of it that way you can pretty much equivocate capital and income tax They are equivalent. Income is only good for consumption and investment (which is just deferred consumption), so if you tax income and you also tax everything that income is used for, you have taxed the same income twice. In fact income used to buy equity is taxed three times, first when it is earned, second every time the company reports a profit and then third every time the company issues a dividend. But all of these are collected on the "same" money. If you want the rich to have a greater part of the tax burden, that's fine, but Varoufakis pretends he can argue against income tax in one paragraph, and argue for a functionally identical revenue scheme in the next.