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A comment on Wealth isn’t created at the top, it is merely devoured there. Parent comment

Re:Wealth isn’t created at the top, it is merely devoured there by cityhall on Sunday April 16, 2017 @05:36PM (#14127665)
The problem is we don't tax wealth directly, only when it's transferred. A large portion of government spending is to protect the value of capital, but we fund it largely with taxes on incomes.
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Re:Wealth isn’t created at the top, it is merely devoured there by jaggederest on Sunday April 16, 2017 @06:34PM (#14127944)
We could replace most federal taxation with a 150 basis point tax on all assets. It'd be an interesting way to pay for a government.
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