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So, closing the wealth gap means ensuring the middle-to-lower class is taxed as much as possible?
by deafpolygon 4y ago
So, closing the wealth gap means ensuring the middle-to-lower class is taxed as much as possible?
- walterbell 4y agoThe article mentions "closing the tax gap", not "wealth gap"? If we lose all financial privacy via CBDCs, taxes may be the least of our worries. See history on the lessons of absolute power.
- deafpolygon 4y agoOops, sorry - yes, I meant the tax gap but the wealth gap was implied (in my opinion). Guess we really are going to need some form of bitcoins in the future.
- lotsofpulp 4y agoReducing tax evasion has nothing to do with how much a certain income/wealth percentile is taxed. Marginal income/wealth/sales/property tax rates determine how much a given income/wealth percentile is taxed (including effects of deductions/credits/allowances).