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A comment on Studying the demise of historic civilisations. Parent comment

Re:Studying the demise of historic civilisations by dragonwriter on Tuesday March 05, 2019 @08:31AM (#19310355)
> That would encourage people to consume wealth over 5 to 10 million during their lifetimes,

No, it would encourage people to conceal wealth transfers as consumptive spending. (Just like existing dedicated wealth transfer taxes—gift and estate taxes—do, but more strongly, and we've seen what people dedicated to transferring wealth, like Fred Trump, already do.)

[ Parent | on HN ]
Re:Studying the demise of historic civilisations by agent008t on Tuesday March 05, 2019 @08:40AM (#19310395)
Of course - people will try to avoid the tax. I was talking about what would happen if the tax functioned as intended.
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