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That's interesting because... right now we have a system that examines income and taxes income. The "wealth tax" is a system that examines wealth and taxes wea

That's interesting because... right now we have a system that examines income and taxes income. The "wealth tax" is a system that examines wealth and taxes wealth (not income). It's theorized that it's unconstitutional, and even if it isn't, the conservative US court might cause it problems anyway. But if instead you examine wealth and tax income, maybe that gets around the issue. Higher income tax brackets for those with more wealth?

sp332 7y ago
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- cjlars 7y ago
  Seeing as wealth is rarely in the form of cash, and you need to pay taxes in cash. You would need to sell the wealth, creating income, which in turn is used to pay the taxes. So it seems right.
- tunesmith 7y ago
  (yes, thank you - faulty synapse, edited.)
dv_dt 7y ago
Property tax on homes is a wealth tax...
silexia 7y ago
A simple wealth tax of 4-5% would completely eliminate idle wealth in a couple of decades and would not destroy the American way of bootstrapping yourself to wealth like a 99% tax would.