Quote:
Originally Posted by Greedy,Greedy,Greedy
Really? I find that surprising - it's the quintessential wealth tax. What do other folks think?
If we're looking to reform the current system, simply making the existing wealth taxes less regressive would be good - include all forms of wealth and all types of taxpayers and allow the gross to be reduced by debt (because the banks will pay the wealth tax on the value of the debt anyways).
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I actually really like that concept. The problem is fighting the argument that the policy punishes saving. You’d have to build in carve outs for the non-crazy rich savers who accrue significant wealth by simply spending less than they earn and investing wisely. That’s doable, but would be a complex calculation.
