Anti-Tax Fervor Closed Their Libraries. Now Residents Are Trying to Go It Alone

Re:Anti-Tax Fervor Closed Their Libraries. Now Residents Are... by twblalock on Wednesday October 17, 2018 @04:36PM (#18243546)

That's an argument for changing the income tax rules, not for adding a wealth tax.

In any case, a wealth tax would be easy to game too. There is a lot of room for loopholes in the definition of wealth, what kind of wealth should be taxed, what the tax brackets should be, what kinds of deductions are allowed, etc.

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Re:Anti-Tax Fervor Closed Their Libraries. Now Residents Are... by VintageCool on Monday October 22, 2018 @02:52AM (#18272673)

We need to rebuild the Inheritance Tax. Hit the wealth at the moment of inheritance, when it acts as income for the next generation.

I'm worried about the decline of the inheritance tax. It's happening all over the West. In France, "the incomes attained by the top 1% of French inheritors are already higher than those attained by the top 1% of workers".

We could be headed back to a Jane Austen -esque society where ambitious young people seek their fortunes in marriage, rather than in business.

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