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A comment on The Dollar Is Dead. Parent comment

Re:The Dollar Is Dead by stock_toaster on Sunday August 03, 2025 @06:15PM (#44780301)
> Europe has repeatedly tried to soak the rich, and the results are always the same: the rich move their wealth somewhere else and you end up breaking even or even reducing your tax revenue.

Why can't they tax something that _cant_ be moved elsewhere, like property ownership?

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Re:The Dollar Is Dead by ethbr1 on Sunday August 03, 2025 @07:17PM (#44780648)
> Why can't they tax something that _cant_ be moved elsewhere, like property ownership?

1. Because any tax has to be politically palatable to voters, so therefore needs to exclusively target non-voters.

2. Because even if the above is satisfied, there are a large number of voters whose livelihoods are catering to non-voters.

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Re:The Dollar Is Dead by pas on Monday August 04, 2025 @04:29AM (#44783263)
Spain does that

but in general the US tax rate on the middle class is low compared to Europe

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