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I think this is supposed to be true, but nowadays when the wealthy mostly hold assets that have real value, like real estate and equities, as opposed to USD in
by queuebert 5y ago
I think this is supposed to be true, but nowadays when the wealthy mostly hold assets that have real value, like real estate and equities, as opposed to USD in a bank account, I'm not sure how well it works.
- wizzwizz4 5y agoThat's what tax is for. Sadly, my internet degree in armchair economics doesn't give me the ability to come up with a functioning tax system (however much I think I can beat the status quo) so I have no further pearls of wisdom.