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A comment on Calif. Wealth Tax Proposal Likely Faces Constitutional Challenges. Parent comment

Re:Calif. Wealth Tax Proposal Likely Faces Constitutional Ch... by dantheman on Tuesday September 01, 2020 @11:15AM (#24342675)
A good way to destroy wealth is to tax it.
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Re:Calif. Wealth Tax Proposal Likely Faces Constitutional Ch... by tomdell on Tuesday September 01, 2020 @11:26AM (#24342822)
A good way to *spread wealth is to tax it.
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Re:Calif. Wealth Tax Proposal Likely Faces Constitutional Ch... by bwb on Tuesday September 01, 2020 @12:41PM (#24343661)
A good way to distort an economic system is to tax wealth rather than output. Wealth will flee, hide, and find loopholes. If you raise taxes on income, all types, that is a better path.
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Re:Calif. Wealth Tax Proposal Likely Faces Constitutional Ch... by turtleturtle on Tuesday September 01, 2020 @11:41AM (#24342993)
Another way would be to print lots of money and redistribute it until you've satisfied your equality threshold.
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Re:Calif. Wealth Tax Proposal Likely Faces Constitutional Ch... by dantheman on Tuesday September 01, 2020 @12:17PM (#24343420)
The market/price system is the world largest information system. Printing money distorts that system and make it function poorly and throughout history has been disastrous.
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