Modeling a Wealth Tax

Re:Modeling a Wealth Tax by nemo44x on Tuesday August 18, 2020 @10:41AM (#24199131)

Sure, nearly every opinion or argument is fallible. I'm not explicitly trying to create a slippery slope or fear monger. A slippery slope tends to lead to unintended consequences. I don't think expanding the net is unintended - I believe it's the deliberate goal. Our history suggests this w/r/t income taxes, etc.

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Re:Modeling a Wealth Tax by darkerside on Tuesday August 18, 2020 @11:53AM (#24200191)

I don't think the net will be widened, I think when more tax funds are needed, the gauge of the net will be adjusted to catch more fish from the same people. i.e. They'll increase the rate from 3% to 5%, not expose lower wealth individuals to the new tax.

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Re:Modeling a Wealth Tax by nemo44x on Tuesday August 18, 2020 @01:53PM (#24201839)

You're partially correct. They'll increase the rate from 3% to 5% and then a new rate of 1% for the 30m-50m bracket and make it progressive.

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