4 ms·
> a tax on wealth tends to encourage wealth flight, tax evasion, etc A tax on income tends to encourage inequality, tax-advantaged income schemes, tax evasion,
by mdorazio 6y ago
> a tax on wealth tends to encourage wealth flight, tax evasion, etc
A tax on income tends to encourage inequality, tax-advantaged income schemes, tax evasion, etc. Also, you didn't actually refute the parent poster's point that property tax is a subset of wealth tax.