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The problem is we don't tax wealth directly, only when it's transferred. A large portion of government spending is to protect the value of capital, but we fund
by cityhall 10y ago
The problem is we don't tax wealth directly, only when it's transferred. A large portion of government spending is to protect the value of capital, but we fund it largely with taxes on incomes.
- jaggederest 10y agoWe could replace most federal taxation with a 150 basis point tax on all assets. It'd be an interesting way to pay for a government.