Quote:
Originally Posted by aussenseiter
[You must be logged in to view images. Log in or Register.]
Wealth taxes are stealing. Bad things happen to nations when their governments start stealing.
|
Taxation is never theft, it's part of the social contract. Wealth is confiscated all the time, for many different reasons. And I didn't specify taxing wealth over $1 billion, tax any further income after $1 billion in wealth or net worth at something like 50-90%.
Unfortunately you have to have some baseline understanding of economics and history to know why this is necessary. Wealth tends to aggregate, as wealth begets more wealth. Your opportunities for enterprise become orders of magnitude more lucrative the more capital you have available. That's kind of the whole point of the system.
Pro-tip: taxes similar to this existed for much of the 20th century, and society not only didn't implode, but was far healthier.