3 ms·
As many have pointed out, this is a pretty shallow critique of a straw man wealth tax that nobody has actually proposed. If you want a little more depth on tax
by boulos 6y ago
As many have pointed out, this is a pretty shallow critique of a straw man wealth tax that nobody has actually proposed.
If you want a little more depth on taxation proposals, I’d recommend the Saez and Zucman book [1] that underpinned most of the candidates’ policies: The Triumph of Injustice. All tax policy, including wealth taxes (like property taxes in the US), involves decisions about redistribution. Optimal tax theory is about trying to maximize revenue which includes considering the impact on capital / income “giving up”.
[1] https://www.goodreads.com/book/show/45894166-the-triumph-of-injustice https://www.goodreads.com/book/show/45894166-the-triumph-of-...