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Not many things surprise me anymore. That said, I do believe that taxing property (and wealth, to some degrees) makes a lot more sense than taxing income. As
by miguelrochefort 9y ago
Not many things surprise me anymore.
That said, I do believe that taxing property (and wealth, to some degrees) makes a lot more sense than taxing income.
As a geolibertarianist, I'm generally opposed to taxation, but I recognize the need for preventing people to board finite resources (particularly land). Taxing the ownership of finite resources forces people to put them to good use. You could think of it as renting finite resources (such as land).
That said, inflation sort of serves the same purpose as a wealth tax, if only to a small degree.
- Gustomaximus 9y ago> inflation sort of serves the same purpose as a wealth tax, if only to a small degree. Isn't this the opposite? Sure cash this may happen but most large fortunes are held in assets like property, funds and businesses that out grow inflation.