4 ms·
I don't need a wealth tax. I don't need the government to create and exact one. So, no, "We" don't need a wealth tax. It doesn't seem like an elegant solution.
by hallway_monitor 5y ago
I don't need a wealth tax. I don't need the government to create and exact one. So, no, "We" don't need a wealth tax. It doesn't seem like an elegant solution. I do think the ultra-rich can pay slightly more taxes but IMO this is not the way to go about it; instead, close loopholes etc.
- duped 5y agoIt doesn't really seem like an elegant solution. Define wealth. We can't even appraise homes fairly, for middle class folks that can afford them. How are we going to evaluate the wealth of billionaires?
- jl2718 5y agoOkay, so… there is a way. You can value things by tax auction. - first every owner self-values their assets at $V and pays X% of $V - then an interested buyer bonds $W>$V earnest money - then the owner pays Y% of $(W-V) or the buyer gets it for $W plus tax of Z% Rates around 1% could replace all other taxes in this scheme. Do I think it’s a good idea? I don’t know. Recipe for bureaucrat moral hazard.