RE: More Wealth-Tax Madness

Posted by Inmate51 (P) on April 15, 2024 at 14:22:17

In Reply to: More Wealth-Tax Madness posted by regmac on April 15, 2024 at 06:42:11:

The problem with wealth taxation is that wealth varies a lot.

Take a middle-aged woman on Antiques Roadshow, for example. Her whatever painting, or vase, or whatever, might be worth $10,000 one year, and $4,000 some year later. How does a government set a budget and pay for bonds with that kind of revenue volatility?!

In my opinion, the "wealth tax idea" is more about attitude toward people who have more stuff than "you" (divide and conquer, voting block-wise) than about actual taxation fairness.

If I were King, the national budget would be divided by the number of people in the country, and everyone would pay the same amount. :) And, THEN, we'd see some REAL pressure to reduce government expenditures. (End of dream sequence.) (Of course, as King, I'd still live a wealthy lifestyle, and have multiple castles. Duh.)

Oh, and armed guards.

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Follow Ups Full Thread

Topic - More Wealth-Tax Madness - regmac 06:42:11 04/15/24 (27)

RE: More Wealth-Tax Madness - Inmate51 14:22:17 04/15/24 (0)

Why just Blacks? - Mike B. 08:26:45 04/15/24 (25)

RE: Why just Blacks? - regmac 13:02:40 04/15/24 (0)

Owning a townhouse is not any better with association fees and "Special Assessments" - Story 10:10:04 04/15/24 (0)

Entirety of Friedman's comments - E-Stat 10:04:21 04/15/24 (2)

RE: Entirety of Friedman's comments - Mike B. 10:36:28 04/15/24 (1)

Note that - E-Stat 10:45:29 04/15/24 (0)

No discussion about one of the greatest subsidies to the wealthy - Steve O 08:37:43 04/15/24 (19)

Those are among the most amazing aspects of US individual taxation - Feanor 09:16:07 04/15/24 (13)

By encouraging a wealth building strategy for all - E-Stat 09:58:26 04/15/24 (12)

The home mortgage interest deduction - Steve O 11:35:49 04/15/24 (11)

Clearly - E-Stat 13:53:19 04/15/24 (10)

RE: Clearly you don't get the downside of using tax policy to influence social behaviors (nt) - Steve O 14:26:28 04/15/24 (9)

Too funny! - E-Stat 15:18:12 04/15/24 (8)

Easily amused today? - Steve O 15:42:39 04/15/24 (7)

You completely miss the objectives of either - E-Stat 16:12:49 04/15/24 (6)

I'm not talking about SSA - Steve O 16:24:29 04/15/24 (5)

Same discussion - E-Stat 16:42:43 04/15/24 (4)

So you're OK with gubmint subsidies - Steve O 17:51:28 04/15/24 (3)

When they - E-Stat 17:58:59 04/15/24 (2)

EV subsidies OK? - Steve O 05:06:53 04/16/24 (1)

Not pour moi! - E-Stat 05:44:28 04/16/24 (0)

And boy did some squeal - E-Stat 09:05:30 04/15/24 (4)

RE: And boy did some squeal - G Squared 11:49:41 04/15/24 (3)

"Income data published by the IRS clearly show... - E-Stat 13:47:47 04/15/24 (2)

I read it... - G Squared 17:21:24 04/15/24 (1)

Ok - E-Stat 17:47:00 04/15/24 (0)

Follow Ups

RE: More Wealth-Tax Madness - Inmate51 14:22:17 04/15/24 (0)

RE: More Wealth-Tax Madness

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