3 ms·

This isn't even a solution to wealth inequality so I think your question isn't relevant. Wealth inequality is a complex problem and you can't fix it by just tax

This isn't even a solution to wealth inequality so I think your question isn't relevant. Wealth inequality is a complex problem and you can't fix it by just taxing people more. To actually answer your question, I don't have a solution, but I also don't think the problem is as bad as people make it out to be. For this article's specific case I'd just patch the simple hole that you can't skip taxes by passing your shares on after you die. As long as the tax basis date isn't reset on inheritance, everything still works. Someone will pay the taxes eventually. It's an easy change and doesn't really change anything for the lives of most people and it makes more rational sense that way. It's basically fixing a bug in the current law.

danny_codes 5y ago
> This isn't even a solution to wealth inequality so I think your question isn't relevant. Wealth inequality is a complex problem and you can't fix it by just taxing people more. Why not? Redistributive wealth tax seems like a reasonable way to accomplish this, along with raising marginal tax rates, closing tax loopholes, and a 100% inheritance tax. Use the excess money for direct investment in material infrastructure, social benefits, and (most importantly) education, and I would imagine the wealth distribution would look quite different in 20 years. We design the economic system we live in. We can change it any time. Capitalism is a human invention: we create the rules to the game. This isn't some law of physics or some truth of the universe.