damnedfurry , 3 months ago

I agree a wealth tax is difficult to implement, but that alone is not a reason to dismiss the idea.

What about the fact that it’s been tried and failed a ton of times already in a bunch of countries? That’s a pretty good reason, I think.

In the only countries that still have a ‘wealth tax’, the thresholds are so broad that they are primarily a burden of the middle and lower classes, making it effectively no different than a more conventional/mundane tax, versus what everyone talking about a “wealth tax” in these kinds of discussions invariably expects; namely, a tax that only/primarily targets the wealthiest.

Before the income tax was implemented, there were promises it’d only be aimed at the rich, too.