[Latty]

How extreme do you want to go?

- Tax capital gains and dividends that are classically the rates actually paid by the megarich rather than income tax.

- Tax wealth directly rather than just income.

- Tax much more heavily generally and commit to a significant basic income to ensure everyone has a solid baseline.

This is just off the top of my head, we have an entire government of people and a huge field of existing research and ideas, not to mention other countries and historic data on taxing more than the UK right now to look at.

[robertlagrant]

I don't want to go extreme at all; centralising economies has the worst track record of starvation and killing in all of history. I'm just wondering what the plan was :)

[Latty]

I'm talking about relatively minor levels of taxation. It's absurd to compare that to communism.

[robertlagrant]

Taxing wealth is not relatively minor. It is the way to transfer ownership of companies to the government.

Take most rich people; their wealth is generally in assets like land, or in investments. If you gradually move their company ownership and land ownership to the government, what do you get?

[Latty]

An incentive for the wealthy to split their companies up and sell them off, rather than creating giant megacorps with outsize impact on consumers and society?

Oh no, sounds terrible. /s