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You can't. The whole point of a wealth tax is to prevent people/families from staying wealthy forever.
by s17n 9y ago
You can't. The whole point of a wealth tax is to prevent people/families from staying wealthy forever.
- vixen99 9y agoThe acquisition of wealth is not a zero sum game so why would you want people/families to get poorer ('stop them from staying wealthy forever'). How about getting people to climb up rather than forcing some down? Your idea of the 'point of a wealth tax' is a curious one. I am not aware anyone has suggested this aside from failed communist regimes where remarkably, some families at the apex who make/made the rules continue/continued to live rather well.
- s17n 9y agoThe current conversation about a wealth tax was jumpstarted by Thomas Piketty, who argues that the natural tendency of a capitalist economy is to make the rich get richer and the poor to get poorer (relative to each other - in absolute terms everybody should be getting richer). Basically the point of the wealth tax is to provide a counterweight to that tendency.