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On the contrary in a capitalist society wealth taxes are the most moral taxes. The reason is that capitalism is inherently self reinforcing, if you have money
by jandrese 4y ago
On the contrary in a capitalist society wealth taxes are the most moral taxes. The reason is that capitalism is inherently self reinforcing, if you have money you can make money. This causes a feedback loop that accelerates wealth upward until you end up in a feudal state. So it is the moral duty of the state to push wealth back down to keep the system from collapsing.
Taxes need to be focused on passive sources of income like investments. Income that is generated by work that produced goods or services should be minimally taxed to encourage more of those activities.