Low interest rates in advanced countries have pushed money into real estate

Re:Low interest rates in advanced countries have pushed mone... by micromacrofoot on Wednesday November 24, 2021 @10:36PM (#29338006)

wealth tax, it’s literally in the name… maybe they should call it “absurdly rich person tax”… are you absurdly rich? if you aren’t… don’t worry about it, and if you are… pay more taxes and continue being richer than 99.9% of the planet

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Re:Low interest rates in advanced countries have pushed mone... by yibg on Thursday November 25, 2021 @12:55AM (#29338612)

Serious question, would that be realized wealth or on paper wealth? If some startup founders equity is worth a billion but isn’t liquid, do we tax that too?

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Re:Low interest rates in advanced countries have pushed mone... by micromacrofoot on Thursday November 25, 2021 @11:54AM (#29342857)

needs to be both to avoid the hoarding issues we have today, x% of assets should be liquidated for tax annually (assuming its value is over some high threshold)

obviously this would be difficult and would require new rules, but it doesn’t seem at all impossible

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Re:Low interest rates in advanced countries have pushed mone... by ipaddr on Thursday November 25, 2021 @05:42PM (#29345689)

What would be the wealth level you would start taxing at. How would you go about determining everyone's wealth?

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Re:Low interest rates in advanced countries have pushed mone... by micromacrofoot on Friday November 26, 2021 @12:03PM (#29351936)

same way people determine their own wealth, it doesn’t seem too outrageously complex

you could start high (say 1000x the federal poverty line) and work backwards

there are already a number of proposals from lawmakers that cover the details better than some rando on the internet

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