4 ms·
20% wealth tax per year? Think about what you are saying. The state would own everything after 20 years.
by wycs 8y ago
20% wealth tax per year? Think about what you are saying. The state would own everything after 20 years.
- Applejinx 8y agoYeah, it would work great and incentivize all the right things, but you wouldn't need anywhere NEAR that. Given that this would apply to individuals and companies (all forms of abstraction and consolidation), have it be 1 (one) percent. Then if you're doing complicated finances to get all you can out of three different entities, you pay 3 percent wealth tax. And if you have basically nothing, you don't have any of these entities or holding companies so you pay just your personal one percent wealth tax. Getting the corporate shield from personal liability would be well worth double dipping the one percent.