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A comment on Panic at the Job Market. Parent comment

Re:Panic at the Job Market by JonChesterfield on Wednesday July 17, 2024 @04:01PM (#40989783)
Schemes like this tend to move assets to a better location and otherwise cause widespread restructuring to minimise the loss. Taxation is inherently complicated.
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Re:Panic at the Job Market by guywithahat on Thursday July 18, 2024 @12:17AM (#40992478)
Not only that, but it would incentivize people to not own assets. People would live paycheck to paycheck, they’d rent longer, and they’d waste money on lavish trips or food (at least until the next economic downturn when they get evicted and lose everything).
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