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I think that's a good point. Let's say that tax as a way of "dampening" "inefficiencies". Also, let's say that the accumulation of wealth through heritage + acc
by kovek 6y ago
I think that's a good point. Let's say that tax as a way of "dampening" "inefficiencies". Also, let's say that the accumulation of wealth through heritage + accumulation of wealth thanks to tools available to only the wealthy are unfair (in terms of opportunity) parts of the system / bugs. Then, taxing the wealthy a certain amount may be a way to dampen the wealth accumulated in unfair ways.
I was before thinking that a wealth tax did not make sense, but now that you raise these "bugs" in the system, then it makes sense to tax the wealthy a certain amount. 1% per year, maybe?
When the system allows everyone equal access to and equal opportunity to create profits, then it does not make sense any more to have the wealth tax.