Why American Workers Pay Twice as Much in Taxes as Wealthy Investors

Re:Why American Workers Pay Twice as Much in Taxes as Wealth... by dogruck on Wednesday September 13, 2017 @07:35AM (#15237265)

It's easy to fall for that liberal meme, but you (and they) are wrong. Pickety explains it in his book.

In Europe, most wealth is inherited, and power in concentrated in family dynasties.

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Re:Why American Workers Pay Twice as Much in Taxes as Wealth... by baursak on Wednesday September 13, 2017 @10:58AM (#15238880)

I don't get your point and your focus on inherited wealth vs. entrepreneurial wealth. Even if most wealth in America is not inherited, a wealth tax wouldn't inhibit entrepreneurship.

If you have, say a $200K minimum threshold to start owing minimal annual tax, and a progressive scale after that, do you really think it would stop the next Bill Gates?

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Re:Why American Workers Pay Twice as Much in Taxes as Wealth... by dogruck on Wednesday September 13, 2017 @01:05PM (#15240257)

I encourage you to read Pickety's book. He argues that inherited wealth is bad because it rewards people for being born.

Why would anyone, including Pickety, want to prevent Bill Gates?

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Re:Why American Workers Pay Twice as Much in Taxes as Wealth... by baursak on Wednesday September 13, 2017 @02:42PM (#15241289)

I feel like we're talking past each other at this point, so I'll drop off this conversation.

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