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> just tax wealth directly Wealth comes in many forms. Your comment is void of any such specifics that transform this from fantasy into something that can be t
by austincheney 6y ago
> just tax wealth directly
Wealth comes in many forms. Your comment is void of any such specifics that transform this from fantasy into something that can be taxed. The best case for taxing wealth is an estate tax.
- ivalm 6y agoThere are lots of existing wealth tax proposal, including annual taxes on all things above some exception. Realistically vast majority of wealth is held in stocks (or other ownership interest instruments), bonds (or other debt instruments), and real estate. These things have common valuation methods (and a wealth tax on real estate is already a thing — property taxes). At the same time, I do support progressive (and at the high end very high) estate tax.