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There's nothing wrong with a tax on non-liquid assets. We already have taxes like that: property tax.
by wycy 6y ago
There's nothing wrong with a tax on non-liquid assets. We already have taxes like that: property tax.
- nybble41 6y agoProperty taxes are routinely pointed out as examples of highly regressive taxes which cause numerous issues for those who can least afford them.
- wycy 6y agoMy point is that there's nothing inherently impossible about a tax based on illiquid, difficult-to-value assets. A tax on wealth > $50M will obviously not be a regressive tax.