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by voisin 1279 days ago
I think the answer is to treat capital gains and dividends the same as ordinary employment income and subject to the same tax rates. Perhaps introduce a sub-1% wealth tax per annum on very large fortunes (100m+) to add friction that the wealthy have to work to counteract.
2 comments

*and to treat loans against capital assets as taxable income. Otherwise we’ll keep seeing the wealthy avoid taxation by loaning against their assets. So long as rates stay relatively low.
Maybe stop taxing any of it...