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by URSpider94
3222 days ago
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Piketty and his collaborators being a notable and significant exception. https://eml.berkeley.edu/~saez/piketty-saezNBER12optKtax.pdf Taxing capital is hard, because it's mobile. Governments are afraid that if they tax wealth at a high rate, the wealth will just move elsewhere. Thus, most businesses get some sort of property tax abatement as part of an incentive to locate in a particular city or state. |
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