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The goal is to stop wealth inequality from continuing to rise and to even decrease it. Taxing wealth (holding on to assets and letting them generate income pass
by lcnPylGDnU4H9OF 1y ago
The goal is to stop wealth inequality from continuing to rise and to even decrease it. Taxing wealth (holding on to assets and letting them generate income passively) past a certain amount (progressive tax brackets based on wealth) is the first step to have precisely the effect of reducing that inequality.
People with no/little wealth will be taxed nothing/very little and the wealthiest will be taxed a lot; offer government subsidies for those with no or little wealth to make their daily spending easier, perhaps even a small UBI. All of a sudden, wealth inequality is going the other way. That seems kind of obvious, frankly.