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A comment on The Big Escape: How the Ultra-Wealthy Avoid Paying Taxes and How to Fix It [pdf]. Parent comment

Re:The Big Escape: How the Ultra-Wealthy Avoid Paying Taxes ... by soberpeach on Friday September 17, 2021 @12:03PM (#28567066)
It depends how the wealth tax is implemented. European wealth taxes were primarily on capital like stocks, which are extremely easy to move, even easier than income.

A wealth tax on land (an LVT) is literally impossible to avoid however since you can't move the land.

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Re:The Big Escape: How the Ultra-Wealthy Avoid Paying Taxes ... by umeshunni on Friday September 17, 2021 @12:09PM (#28567154)
> A wealth tax on land (an LVT) is literally impossible to avoid however since you can't move the land.

Yeah, those are called property taxes and already exist.

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Re:The Big Escape: How the Ultra-Wealthy Avoid Paying Taxes ... by soberpeach on Friday September 17, 2021 @12:10PM (#28567168)
Property taxes tax buildings as well, a Land Value Tax is purely a tax on the land and doesn't change whether you have a building on it or not.
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