Hacker News new | ask | show | jobs
by nerdjon 1740 days ago
I never realized that...

Wouldn't that loophole be the better thing to try to address then?

Instead of just focusing on their wealth, instead focus on the loopholes.

1 comments

There is tremendous resistance to addressing that loophole. A wealth tax is one way to address it. An estate tax is another. So far a "wealth tax" seems more popular, because most people like the idea of a tax free inheritance but don't have untaxed wealth. Most people actually pay wealth taxes already when they buy cars or houses or a boat or an RV.