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This is the real problem. In theory it could be argued that a wealth tax and estate tax are the only really fair taxes in a capitalist economy. He who owns the
by Swenrekcah 4y ago
This is the real problem. In theory it could be argued that a wealth tax and estate tax are the only really fair taxes in a capitalist economy.
He who owns then capital is king, so tax the capital.
But in reality it would as you say force all sorts of unwanted liquidation and monetisation of assets just to pay the tax.
- hpkuarg 4y agoLand value tax is the only really fair tax.
- eropple 4y agoI used to think this, but over time I changed my mind. Plenty of capital, particularly in an increasingly digital economy, requires no land, and ignoring that privileges that digital capital even more than just not being tied to physical space does already.