@[email protected] to [email protected] • 7 months agoLet’s Set a Maximum Wage for the Rich | The Tyeethetyee.caexternal-linkmessage-square128fedilinkarrow-up1598arrow-down147
arrow-up1551arrow-down1external-linkLet’s Set a Maximum Wage for the Rich | The Tyeethetyee.ca@[email protected] to [email protected] • 7 months agomessage-square128fedilink
minus-square@[email protected]linkfedilink4•edit-27 months agoTo be fair, there are a number of countries that already have a wealth tax. So it wouldn’t be some insurmountable concept.
minus-square@[email protected]linkfedilink1•7 months agoWealth that’s just sitting there is hard to assess and therefore easy to game. What’s the value of a piece of art? It’s far more practical to tax transactions and realized gains, when money changes hands.
minus-square@Auxlink0•7 months agoThere are less and less of them because taxing wealth doesn’t work.
minus-square@[email protected]linkfedilink2•7 months agoThat’s a theory I suppose. Another theory might be the wealthy influencing policies to have the tax removed. No idea if either are true.
To be fair, there are a number of countries that already have a wealth tax. So it wouldn’t be some insurmountable concept.
Wealth that’s just sitting there is hard to assess and therefore easy to game. What’s the value of a piece of art? It’s far more practical to tax transactions and realized gains, when money changes hands.
There are less and less of them because taxing wealth doesn’t work.
That’s a theory I suppose. Another theory might be the wealthy influencing policies to have the tax removed. No idea if either are true.