Interesting, I didn't know the rates used to be that high. I don't understand fully how loans evade taxation either. What I've read is that it's a combination

Interesting, I didn't know the rates used to be that high. I don't understand fully how loans evade taxation either. What I've read is that it's a combination of: - They can be carried forward into other loans. - They don't repay them, they only pay the interests. - They aren't close in amount to their actual net-worth. So most of the money they own is not liquid and not subject to those taxes. Unless we're talking about a wealth tax, which I'd be interested in seeing an argument for as well.