3 ms·
A real inheritance tax with teeth, or a land tax, would be worth trying. In the US, an asset tax is probably unconstitutional.
by roywiggins 8y ago
A real inheritance tax with teeth, or a land tax, would be worth trying.
In the US, an asset tax is probably unconstitutional.
- crazygringo 8y agoProperty taxes are asset taxes. What makes you think there's anything unconstitutional about it whatsoever?
- roywiggins 8y agoProperty taxes as we know them are levied by states and localities... whether the feds can do the same is the question. Apparently there are actually decent arguments that it would be constitutional after all: https://itep.org/the-u-s-needs-a-federal-wealth-tax/#constitutional https://itep.org/the-u-s-needs-a-federal-wealth-tax/#constit... The history of the Federal government's ability to tax is pretty tangled though. http://nymag.com/intelligencer/2019/02/constitutional-concerns-are-a-major-risk-for-a-wealth-tax.html http://nymag.com/intelligencer/2019/02/constitutional-concer...