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Your comment makes an excellent point. If our economy really was organized around incentivizing production, there are many things we could do to that end. In ad
by pyrophane 10y ago
Your comment makes an excellent point. If our economy really was organized around incentivizing production, there are many things we could do to that end. In addition to a 100% inheritance tax, we could also surely implement policies that discouraged most types of rent-seeking and the passive growth of wealth that has allowed the richest in our country to become even richer without having to produce anything.
- AnthonyMouse 10y agoExcept that an inheritance tax creates a large disincentive for people with children to create wealth, when passing that wealth on to their progeny is their motivation for creating it.
- fleetingmoments 10y agoLike being an absentee landlord. If owning and renting out property you do not live at and are only collecting passive income from was made illegal, way more people would be able to afford housing and it would solve a lot of equality issues. The whole practice is literal rent-seeking and only concentrates capital in the hands of a small minority.