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Paul is modeling the wrong thing. No one with significant wealth will ever pay a wealth tax. As soon as you define the "wealth" that is taxed, the weslthy wil
by IanDrake 6y ago
Paul is modeling the wrong thing.
No one with significant wealth will ever pay a wealth tax. As soon as you define the "wealth" that is taxed, the weslthy will find a way to get around it.
Plus, we already have a wealth tax that works perfectly and is inescapable, inflation.