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IMO a wealth tax completely misses an unspoken fact of finance: Tax evasion is illegal; tax avoidance is not. For every "wealth tax" you come up with, there wil
by Simulacra 6y ago
IMO a wealth tax completely misses an unspoken fact of finance: Tax evasion is illegal; tax avoidance is not. For every "wealth tax" you come up with, there will always be loop holes that the wealthy use to avoid paying it. Eventually the net gain is zero.
- kazinator 6y agoThe only way for those loop holes not to be would be if the government were entirely staffed from top to bottom by poor people, including (or perhaps especially) everyone who is elected. Speaking of which, you'd first have to ban all election spending. Campaigning would be done by marching in the street with a bristol board sign colored with crayons, taped to a softwood plank.