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Your whole comment just shows how little you understand about the problem. The problem is not that governments do not know what a "Sigmoid Curve" is. The proble

Your whole comment just shows how little you understand about the problem. The problem is not that governments do not know what a "Sigmoid Curve" is. The problem entirely lies in "Net Worth tax". How do you determine net worth? With all the different types of corporations out there, you just move your net worth into an entity that you do not "own". Just like how my work laptop is not mine. If your conclusion is to tax businesses on net worth, that would be easily skirted with international boundaries and drastically lower business creation.

ryandrake 4y ago
> With all the different types of corporations out there, you just move your net worth into an entity that you do not "own". Just like how my work laptop is not mine. This is the big problem with trying to tax the wealthy in America: There are just way too many ways to "not technically own" something, but still in reality be in complete control of it and benefit from it. Trusts, corporations, foundations: All these phony paper entities that you can "move" your stuff into in order to pretend to the government that it's not yours anymore, when it is in all reality totally controlled by you. I worked for a founder once where basically everything he owned and benefitted from was owned by a "charitable foundation" or something. His homes, cars, boats, everything. He probably paid zero in taxes, whereas I, a chump, paid the normal rate. Total scam, but hey, that's what you get when the wealthy write the law.
- puffoflogic 4y ago
  > All these phony paper entities that you can "move" your stuff into in order to pretend to the government that it's not yours anymore You make it sound like this was something invented by tax -dodging capitalists getting one over on the government. But in reality the only reason paper entities exist at all is because government wills it so.
  - deleted 4y ago
    [deleted]
  - RestlessMind 4y ago
    > because government wills it so. And now you make it sound like tax-dodging capitalists have no influence over a government's will. Welcome to the world of Citizens United, lobbying and such.

ryandrake 4y ago

> With all the different types of corporations out there, you just move your net worth into an entity that you do not "own". Just like how my work laptop is not mine. This is the big problem with trying to tax the wealthy in America: There are just way too many ways to "not technically own" something, but still in reality be in complete control of it and benefit from it. Trusts, corporations, foundations: All these phony paper entities that you can "move" your stuff into in order to pretend to the government that it's not yours anymore, when it is in all reality totally controlled by you. I worked for a founder once where basically everything he owned and benefitted from was owned by a "charitable foundation" or something. His homes, cars, boats, everything. He probably paid zero in taxes, whereas I, a chump, paid the normal rate. Total scam, but hey, that's what you get when the wealthy write the law.

puffoflogic 4y ago
> All these phony paper entities that you can "move" your stuff into in order to pretend to the government that it's not yours anymore You make it sound like this was something invented by tax -dodging capitalists getting one over on the government. But in reality the only reason paper entities exist at all is because government wills it so.
- deleted 4y ago
  [deleted]
- RestlessMind 4y ago
  > because government wills it so. And now you make it sound like tax-dodging capitalists have no influence over a government's will. Welcome to the world of Citizens United, lobbying and such.