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And when they complain it’s all “paper wealth”, offer to take that. Let them pay a wealth tax with stocks. Then set up a public trust to manage a huge fund th
by donmcronald 4y ago
And when they complain it’s all “paper wealth”, offer to take that. Let them pay a wealth tax with stocks. Then set up a public trust to manage a huge fund that has a mandate to invest ethically and favor industries that are good for the advancement of everyone, not just the wealthy elite.
- notch898a 4y agoThe only people I expect to manage wealth worse than greedy execs/capitalists is bureaucrats and politicians. As much as I oppose the idea, if it must be done, the only way I can see the government not squandering and corrupting all the money is to just immediately distribute it amongst the populace.
- specialist 4y agoThe arrow points the other way. Government spending is a loan, which is repaid thru taxes. Tax avoidance is the debtor defaulting on that loan. (Both morally and fiscally.)