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...reducing the taxes on labor... It does seem that taxing wealth directly rather than distortion-prone measures like income or capital gains could be the best
by jessaustin 6y ago
...reducing the taxes on labor...
It does seem that taxing wealth directly rather than distortion-prone measures like income or capital gains could be the best response to the increasingly "gilded" age we're enduring.
- suprfnk 6y agoHow do you measure "wealth"?
- kortilla 6y agoIs this an alternative to income tax in all brackets? If so, doesn’t this discourage things like home ownership and saving for retirement?
- athriren 6y agopresumably it would be a marginal wealth tax that only took effect at some certain socially agreed upon threshold, past which you are determined to have “made it” (and this works with wealth in a way it does not for income, since your debts will be outweighed significantly by your assets while this could potentially not be true for someone with a high salary).