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Common arguments for a wealth tax that I have heard (some are moral values). --- (Utility) - some people are poor - some people are wealthy We can take some
by babesh 6y ago
Common arguments for a wealth tax that I have heard (some are moral values).
--- (Utility)
- some people are poor
- some people are wealthy
We can take some of that wealth and help the poor
--- (Equity)
There shouldn't be much wealth inequality because inequality is inherently bad.
--- (Corruption)
Wealth as a form of power converts into political power which accumulates more wealth.
--- (Fairness)
It is easier to accumulate wealth if you are already wealthy. Therefore the rich get richer and the poor get poorer.
--- (Community)
The wealth that we create is built upon the preexisting wealth created by others before us and by the community we live in. Therefore, should part of the wealth we create be shared communally?
The arguments for wealth tax don't usually take into account
- wealth accumulation as a driver for increasing wealth for everyone (even if it increases inequality)
- whether government is an efficient means of redistributing wealth
- whether there are moral arguments against wealth redistribution as a form of coercion
As is often the case in history, this argument will probably not be decided by reason but by power.