[_2d30]

Why should we disincentivize saving? It's clear why we should tax land, the value of land is not driven in almost any way by ownership of land so the returns to land are unjustly gained AND it's economically efficient to tax land as it's fixed in supply. However, taxing savings (capital gains, wealth) is unclear in value. What would, for example, be the benefit of shifting investment to consumption? In other news, I could be highly in favor of a consumption tax instead but again, that's very difficult to implement well.

A hefty estate tax is something I can get behind. It's definitely distortionary and has a huge amount of difficulty in implementation but I see almost no societal value to generational wealth.

[Apocryphon]

I'm not advocating any specific plan and I find Georgism to be worth a new look and calls for a LVT to be compelling, I'm just saying that I think those who focus solely on it, some of whom advocate abolishing all taxes and only using an LVT, to be impractically utopian.

That said, I see no reason as to why we shouldn't at least experiment with other alternate tax regimen as well, and that may include tax savings at least for the highest earners. To echo others' statements, why shouldn't those at the absolute highest levels of savings endure a little redistribution? It wouldn't matter much to Bezos.