5 ms·
One would still pay tax on any physical asset acquired with the money. The wealth tax is essentially a perpetual tax on possessions.
by sjtgraham 14y ago
One would still pay tax on any physical asset acquired with the money. The wealth tax is essentially a perpetual tax on possessions.
- shyn3 14y agoYes, sorry. I should have added if you blew it on booze and women. If you purchased anything of value you get screwed over by paying a higher tax rate.