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Taxation is not confiscation, unless the taxation is punitively high. I'd argue it would likely need to be 100% to meet the common usage of it. The more you ta
by altusbrown 5y ago
Taxation is not confiscation, unless the taxation is punitively high. I'd argue it would likely need to be 100% to meet the common usage of it.
The more you tax, the closer you get to banning or stopping activity. If a government sets a tax rate of 100% at say a certain threshold, it would be a poor planner that would be earning anything in that category no?
- anoncake 5y agoThat's an artificial distinction. There is no sharp line between "punitive taxes" and just taxes.
- altusbrown 5y agoNo sharp line, but hardly artificial. If someone gives you a cake, and I take the whole cake it's clearly confiscation no? You got no cake at the end. If someone gives you a cake and I take a slice (say 25%), then it is clearly not confiscation, since you got cake correct? Not only that, you got most of it.
- anoncake 5y agoDepending on who you are and why you took my cake, it could be a tax, confiscation, theft, a fine...