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There are also many who approve of a higher income tax (and capital gains) for the wealthy, but reject a wealth tax.
by davrosthedalek 6y ago
There are also many who approve of a higher income tax (and capital gains) for the wealthy, but reject a wealth tax.
- maerF0x0 6y agoin the spectrum of taxes I think would rank them in decreasing order of fairness as (Vices, Consumption, Income, Wealth)... Wealth tax is really rough because you can lose money on an asset AND lose more w/ the taxation on the capital base. At least with an income tax it's, hypothetically, only in the case of profit. Wealth Tax is kind of like mandatory quotas. Income tax is like sharecropping. Consumption is like sharing your goods consumption with society (think Potluck) Vices is actually a disincentives structure for things proven to be societally disastrous or distasteful And of course the devil is in the details entirely, because loopholes and policy can change it entirely.