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I guess we could outlaw yachts and then collect money to lift all the people who used to build and work on yachts out of poverty :)
by namdnay 5y ago
I guess we could outlaw yachts and then collect money to lift all the people who used to build and work on yachts out of poverty :)
- mitchdoogle 5y agoWe don't have to outlaw yachts, just tax extreme wealth
- fortran77 5y agoThis is exactly what the United States did, except it printed money rather than confiscate it. (The end result was the same though -- taxation through inflation.) Even the left-leaning NY Times wrote a piece on how "luxury taxes" on yachts killed the industry. https://www.nytimes.com/1991/01/03/opinion/l-boat-luxury-tax-drives-an-industry-aground-926091.html https://www.nytimes.com/1991/01/03/opinion/l-boat-luxury-tax...