Re:Media Owned by Wealthy Are Quick to Tell You Wealth Taxes...
by davrosthedalek on Thursday October 22, 2020 @02:49PM
(#24861807)
It's a fallacy to believe that making the rich less rich makes the poor less poor. There are a lot of things in between which must go right.
And fairness aside, there's the purely pragmatic concern that multi-generational wealth concentration is bad for almost everything— bad for democracy, bad for fairness in media, bad for civil unrest, etc etc. Is taxing wealth an effective way to manage this? Maybe, maybe not. But anyone who wants to critique it should probably be willing to support _some_ plan for controlling wealth inequality over the long term.