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>take the people with excess wealth - providing no utility right now Most "excess wealth" is tied up in business and other investments. It's not like wealthy p
by GarrisonPrime 7y ago
>take the people with excess wealth - providing no utility right now
Most "excess wealth" is tied up in business and other investments. It's not like wealthy people just horde cash like Scrooge McDuck. That wealth is currently working to support the economy. It is hardly passive.
Forcing the wealthy to pay increased tax on this value will cause them to close business functions, sell stocks, etc.
Is that really wise at this point in time? To redistribute value from existing, proven formats into unspecific, theoretically useful ones?
Theft is not immoral simply because it is unfair or mean. It's because it causes systemic dysfunction.