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Re:Modeling a Wealth Tax by zozbot234 on Tuesday August 18, 2020 @11:46AM (#24200075)
We may not literally need billionaires for jobs to exist, but we need savings and investment for highly productive jobs. A wealth tax is borne over time by assets that are saved and invested; it obviously isn't by the portion that's consumed. If you tax Bezos' and other billionaires' wealth, Amazon and other firms will face sharply higher costs of capital, which can indeed be seen as a partial "dissolution".

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