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Yes it's difficult. I think we should have a pretty high bar for evidence required to decide that this idea is impossible. Because once you decide that it's im

Yes it's difficult. I think we should have a pretty high bar for evidence required to decide that this idea is impossible. Because once you decide that it's impossible, then there will be no more evidence collected. I would like to see a wealth tax passed and then evaded and then a follow up to stop the gaps etc. A few cycles of this before deciding it can never be done. I think this is a multi decade effort that is important for the future of all societies.

sokoloff 3y ago
It will be interesting to see the ruling on Moore v United States* in regards to the adjudicated Constitutionality of a federal tax on unrealized income, the ruling of which has implications for the Constitutionality of a federal tax on wealth. * - https://www.scotusblog.com/case-files/cases/moore-v-united-states-3/ https://www.scotusblog.com/case-files/cases/moore-v-united-s...
SoftTalker 3y ago
We already have an inheritance tax why is there an objection to a person being successful during his or her life. Are we saying we'd be better off without Amazon, Google, Meta/Facebook, Microsoft, Apple? All of these companies were built on the vision of one or a small number of founders. They collectively employ hundreds of thousands if not millions of people. You who make six figure salaries slinging javascript would probably not have jobs like that without companies that billionaies built. Would they have bothered or even been able to do it if we taxed away not only their income but also their wealth?
- text0404 3y ago
  yes, we would probably be better off as a society without those companies (we can say that with certainty for meta _alone_). destabilizing democracy, suicide nets, AI for the "defense" industry, surveillance, misinformation, mass manipulation, adtech, etc. > You who make six figure salaries slinging javascript would probably not have jobs like that without companies that billionaies built. doing something else more productive? your disdain is apparent in this comment, so i'm sure you wouldn't mind it if people who "sling javascript" for six figures find something better to work on. > Would they have bothered or even been able to do it if we taxed away not only their income but also their wealth? do you start every side project with the question, "well how much will i have to pay in taxes when this makes me a billionaire?" most innovation in human history has existed absent a profit motive.
  - anononaut 3y ago
    > most innovation in human history has existed absent a profit motive Absolutely delusional!
    - text0404 3y ago
      einstein, marie curie, socrates, newton. should i go on? the only delusion here is thinking the pinnacle of human innovation is social networking and $1000 phones.

sokoloff 3y ago

It will be interesting to see the ruling on Moore v United States* in regards to the adjudicated Constitutionality of a federal tax on unrealized income, the ruling of which has implications for the Constitutionality of a federal tax on wealth. * - https://www.scotusblog.com/case-files/cases/moore-v-united-states-3/ https://www.scotusblog.com/case-files/cases/moore-v-united-s...

SoftTalker 3y ago

We already have an inheritance tax why is there an objection to a person being successful during his or her life. Are we saying we'd be better off without Amazon, Google, Meta/Facebook, Microsoft, Apple? All of these companies were built on the vision of one or a small number of founders. They collectively employ hundreds of thousands if not millions of people. You who make six figure salaries slinging javascript would probably not have jobs like that without companies that billionaies built. Would they have bothered or even been able to do it if we taxed away not only their income but also their wealth?

text0404 3y ago
yes, we would probably be better off as a society without those companies (we can say that with certainty for meta _alone_). destabilizing democracy, suicide nets, AI for the "defense" industry, surveillance, misinformation, mass manipulation, adtech, etc. > You who make six figure salaries slinging javascript would probably not have jobs like that without companies that billionaies built. doing something else more productive? your disdain is apparent in this comment, so i'm sure you wouldn't mind it if people who "sling javascript" for six figures find something better to work on. > Would they have bothered or even been able to do it if we taxed away not only their income but also their wealth? do you start every side project with the question, "well how much will i have to pay in taxes when this makes me a billionaire?" most innovation in human history has existed absent a profit motive.
- anononaut 3y ago
  > most innovation in human history has existed absent a profit motive Absolutely delusional!
  - text0404 3y ago
    einstein, marie curie, socrates, newton. should i go on? the only delusion here is thinking the pinnacle of human innovation is social networking and $1000 phones.