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A comment on Modeling a Wealth Tax. Parent comment

Re:Modeling a Wealth Tax by SmooL on Tuesday August 18, 2020 @10:36AM (#24199069)
This is a ridiculous comparison - of course pure cash depreciates, but we're talking about the literal opposite of that - an asset.

Take a building, any building. Sit on the building for 50 years. How much is building worth? Probably way more.

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Re:Modeling a Wealth Tax by sumtechguy on Tuesday August 18, 2020 @11:11AM (#24199598)
I would posit that most assets are in relation to other real assets worth about the same. If I sell that building and buy the one that is say about the same right next to it am I going to 'pay more'? Cash wise most certainly. Utility wise not so much. Do not confuse cash with value. It is easy to get them mixed up.
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