4 ms·
> Not big fan of taxes in general Statements like that never augur well for what follows. > Why not call it what it is, a pre-death estate tax? Do you have a
by notacoward 6y ago
> Not big fan of taxes in general
Statements like that never augur well for what follows.
> Why not call it what it is, a pre-death estate tax?
Do you have a cogent objection to estate taxes? Many would consider them the fairest of all possible taxes, since your property rights - past, present, and future - evaporate at death.
> it should be done at the time of use or income generation/realization
Why? What's the rationale, besides personal benefit/preference? Taxing money in motion reduces motion, which is hardly a good thing except when the motion itself is illusory arbitrage (e.g. HFT).
> double jeopardy laws
Double jeopardy is a concept of criminal law applied to humans. It's certainly the wrong term here, and arguably the wrong concept. Even your own "time of use" standard leads to the same money being taxed multiple times. Why should it be any different when assets are held instead of exchanged (see above about money in motion)? Henry George and others have made eloquent arguments for taxing wealth - especially land - instead of income. It has been tried many places and times, generally with good results. Do you have any substantive counterargument, or just random phrases plucked from a pseudo-libertarian website?