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Your Trump example shows how possible a wealth tax is. Sometimes you need to show you have money and the wealth tax can be hooked into those situations (among o
by jrumbut 5y ago
Your Trump example shows how possible a wealth tax is. Sometimes you need to show you have money and the wealth tax can be hooked into those situations (among others).
- lazide 5y agoNot sure how since these specific transactions are still not cleared up, are already covered by existing laws quite thoroughly, and they’re by far the easiest types of things to tax in the ‘wealth but not income’ space, as real estate is pretty hard to hide and he was literally putting his name on it in giant letters. If the wealth tax goes after real estate, folks just won’t put their name on it directly and voila, good luck. This is also despite those alleged shenanigans being hamhanded and pretty obviously done and by probably the most well know and controversial ‘wealthy person’ in current society, enforcement still not only didn’t work, it still hasn’t actually been enforced. And is surrounded by massive controversy and legal BS and will probably drag on for another decade. It’s like pointing to OJ Simpson’s murder trial as an example of swift and non-controversial justice that supports your legal policy?
- jrumbut 5y agoThe point is not that white collar crime enforcement is good, the point is that he was trying to show more wealth rather than less. Therefore, a wealth tax would either raise money or discourage a form a fraud. It's a win either way.