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A comment on To Understand Rising Inequality, Consider Janitors. Parent comment

Re:To Understand Rising Inequality, Consider Janitors by humanrebar on Sunday September 03, 2017 @05:16PM (#15163974)
This is part of the reason some want to tax consumption more aggressively. "Wealth" that isn't used is really just a collection of expensive large numbers. Sooner or later, when that wealth is used, it can be taxed as consumption and/or real property.
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Re:To Understand Rising Inequality, Consider Janitors by mikeash on Sunday September 03, 2017 @11:33PM (#15165535)
Unless "use" includes stock purchases and political donations, you'll just hurt the poor even more. The problem with wealth concentration isn't buying houses and cars, it's buying power.
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Re:To Understand Rising Inequality, Consider Janitors by dlp211 on Sunday September 03, 2017 @05:38PM (#15164073)
Except it doesn't work that way because cost basis gets reset during inheritance which is a huge give away to the most wealthy families. It is also the reason for an Estate Tax.
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Re:To Understand Rising Inequality, Consider Janitors by humanrebar on Sunday September 03, 2017 @05:47PM (#15164115)
The heirs would presumably be buying homes, cars, vacations, food, night clubs, etc.
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