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So then what are you proposing here, a straight head tax? That seems catastrophic to me but maybe you can tell me what I'm missing. I believe in economics but
by scottlegrand2 7y ago
So then what are you proposing here, a straight head tax? That seems catastrophic to me but maybe you can tell me what I'm missing.
I believe in economics but I also believe we are living in a deranged Markov process with selfish actors. and I don't see how allowing multi-generational piles of money to accumulate is good for society in the long run because you end up with an unassailable ruling class which is exactly the opposite of what this country has evolved towards until recently, no?
I'm no fan of either major political party because the right cuts taxes and increases military spending whilst the left undoes those tax cuts and increases social spending. And in both cases we go deeper and deeper into debt.
What's your solution here? I could go for a wealth tax or I could go for 100% inheritance tax here. And in doing so eliminate income tax. I'm open to anything that doesn't excessively redistribute wealth yet at the same time stops the accumulation of wealth into a very small number of uber wealthy families.