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I like your take, but how are we going to enforce progressive taxation? The wealthiest firms escape taxation, at the moment.
by rexpop 8y ago
I like your take, but how are we going to enforce progressive taxation? The wealthiest firms escape taxation, at the moment.
- VikingCoder 8y agoI can't pretend the answer is easy, but... Starting with personal income tax, capital gains, and estate taxes would go a long way. I think we really need to come up with an International version of the Uniform Commercial Code. And get money out of politics.
- djakjxnanjak 8y agoWe ought to tax wealth instead of income, and tax individuals instead of corporations. The nature of corporate wealth is that the generation of value is disconnected from the generation of cash. It’s impossible to fairly regulate the infinite shell games that result from this. The problem we are trying to fix is inequality of wealth, so we should tax wealth directly and not via proxies like corporate profits.