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Agreed. My favorite breakdown of this view is from David Mitchell [1] I am not sure what would happen economically if we started taxing all assets, non-income
by LinuxBender 5y ago
Agreed. My favorite breakdown of this view is from David Mitchell [1] I am not sure what would happen economically if we started taxing all assets, non-income, etc... How much should people pay yearly on wedding rings, gold teeth, clothes, music collections? Would we have to itemize all possessions and have them assessed?
[1] - https://www.youtube.com/watch?v=m2q-Csk-ktc https://www.youtube.com/watch?v=m2q-Csk-ktc [potentially nsfw language]
- jstummbillig 5y agoWhich begs the question, how happy are we with what is happening economically right now?
- LinuxBender 5y agoTo add to that, where are all our taxes being spent to make us happy? Have higher taxes historically resulted in everyone being happier? Is the money spent on the people? Here is one place in history we had really high taxes on the wealthy [1] but it does not say if it resulted in improved economy and everyone being happier. It looks more like it led to resentment and more defense spending. [1] - https://teachinghistory.org/history-content/ask-a-historian/24489 https://teachinghistory.org/history-content/ask-a-historian/...
- dnautics 5y agothe presumption there is that the pain is caused by not taxing enough, instead of, say, subsidies for the rich, stealing the value out of people's income through inflation, etc.
- dnautics 5y agoI'm definitely going to make friends with a personal posession assessor, together we'll make sure that our enemies with gold teeth have those teeth valued higher. I'd bid that tooth up higher. It's got real value AND emotional value.