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by joelhoffman
2124 days ago
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Fair point, I misread that. But even so, the inheritance tax is still a delayed wealth tax and a 100% tax would generally be easily avoided with gifts -- still taxable, but presumably not at 100%. (Edit: if we had a combination of capital gains + personal income tax that effectively achieved the same goal as a wealth tax, wouldn't that be basically a maximum wage? Seems even harder to sell. It seems to me the main difference would be that a capital gains tax still encourages holding on to assets and a wealth tax encourages spending.) |
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