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we already have a wealth tax. Have cash? Inflation (cheapens govt debt) Own Property? Property Taxes. Own Equity? capital gains on realization of profits Get D

we already have a wealth tax. Have cash? Inflation (cheapens govt debt) Own Property? Property Taxes. Own Equity? capital gains on realization of profits Get Dividends? Dividends are taxed. Income? Taxed. Virtual every form of wealth is taxed. The question should be how much should it be taxed, and enforcement. A wealth tax is a nice song and dance around the issue and cannot be reasonably implemented hence why it's in the zeitgeist.

sharemywin 6y ago
say you had a 100m in stock. did nothing but borrow against it until you die. how much tax would you pay. as long as you borrow less than your stock appreciates.
- maerF0x0 6y ago
  > until you die Given the amount of future debt we've taken on, it's probably a good thing to have growing deferred income too.
davrosthedalek 6y ago
Inflation and property taxes are wealth taxes. Capital gains tax and tax on dividends is not.
- zajio1am 6y ago
  Inflation is not really tax, more exogenous parameter of monetary system. It does not give much advantage to government (as expected inflation rate is accounted in bond rate). Property tax would make more sense as a tax on limited resource than as a wealth tax.
  - davrosthedalek 6y ago
    You are right, of course, for inflation. I was aiming at the basis for the "tax", i.e. "wealth" or "positive change of wealth"