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How is wealth calculated? It's kind of hard in many countries including USA, since there is no wealth tax.
by belltaco 7y ago
How is wealth calculated? It's kind of hard in many countries including USA, since there is no wealth tax.
- sandworm101 7y agoDead simple. Bluebook or insured value of the vehicle being driven. Speed in a semi-truck, or lambo, expect to pay more than the guy delivering pizzas in a civic.
- nexuist 7y ago...So the rich people all buy cheap cars instead and keep their lambos at home. How does this solve the problem?
- andrei_says_ 7y agoIt’s a very good question which I presume has been solved in many places. Shares in public companies, stocks, property values etc. If someone working two $8/h jobs to pay for rent and food has to pay $450 that has serious repercussions. If someone who owns a rental property for example is to experience an incentive of a similar size, then the incentive ought to be proportional maybe to 2-3% of the value of the property? If we’re OK with poor people’s lives being ruined by a speeding ticket then maybe we could be OK with a millionaire having to sell some shares or even property to cover a similar offense. And, the police would get their funding quotas faster ;) Of course legislation like this is unlikely to cross the Gilens/Page threshold. here’s a summary of their Princeton study finding that US “democracy” works only when serving the oligarchy: https://talkingpointsmemo.com/livewire/princeton-experts-say-us-no-longer-democracy https://talkingpointsmemo.com/livewire/princeton-experts-say...