4 ms·
Wealth taxes are straightforward to implement. As wealth generates income, and its value dependent on how much income it can generate, you can simply tax income
by randomdata 6y ago
Wealth taxes are straightforward to implement. As wealth generates income, and its value dependent on how much income it can generate, you can simply tax income to the same net result.
- standardUser 6y agoIn the US we do tax income from wealth, just at a vastly lower rate than income from work. You could say that working to obtain wealth is penalized, whereas having wealth gets preferential treatment.