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> I really don't see the point of wealth taxes I think the article actually mentioned that when it wrote of 'soaking the rich.' That's the real point I think:
by zeveb 7y ago
> I really don't see the point of wealth taxes
I think the article actually mentioned that when it wrote of 'soaking the rich.' That's the real point I think: envy.
I'm very open to the idea of some form of asset tax; I think that they can make a lot of sense. But the reason shouldn't be to drag a few lucky folks down: it should be to try to make a better economy and world for everyone.
- aidenn0 7y agoMy point was we can make wealth non-self-sustaining by applying progressive taxation to long-term gains, combined with modest inflation. We probably do need to increase the top income bracket from where it is now for that to work though.