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As a far left thinker myself, I too hate this obsession with taxing income. If we are going to tax the rich, we should tax equity not income. Tax the land the r
by timthelion 9y ago
As a far left thinker myself, I too hate this obsession with taxing income. If we are going to tax the rich, we should tax equity not income. Tax the land the rich own, tax the resources they extract, tax the patents and intellectual property rights they hold. Tax only that. How free would we all be, if there was no tax on economic activity?
I like to use the analogy of two boys in a playing field kicking a ball back and forth. Lets value the ball at $10. Each time they pass the ball from one to the other, they "create" $10 worth of economic activity, and under a simplified version of current logic, they should pay the state $2 for each pass. But what should really be taxed is the ball itself, and the land upon which they play. Not the number of times the ball changes hands.