4 ms·

I think that property and land taxes + VAT should be sufficient. Also some easier way to short stocks would be good for economy. The only problem is how to avo

I think that property and land taxes + VAT should be sufficient. Also some easier way to short stocks would be good for economy. The only problem is how to avoid capital outflow from country if you really decide to tax the rich? I wonder how this proposed 40% investment income tax above $1M will impact US (if it passes) EDIT: The best way to tax the rich is rising minimum wage actually (but also tricky due to global economy)

ajuc 6y ago
> The only problem is how to avoid capital outflow from country if you really decide to tax the rich? Is it doing anything useful while it's there? This trickle-down bullshit is at this point completely debunked, right? What about downsides of the capital being there (like lobbying politics to introduce economic policies that harm majority of citizens)? If the balance effect of it leaving is positive (and I think there's a good chance it is) - I say good riddance :)