[londons_explore]

Bob declared his car to be worth $18k in 2023. Fred fills in an official form, pays $18k to bob, and takes bobs car. Perhaps a 1 month handover period is given, and perhaps a 10% 'hostile sale' fee is given to the government to prevent abuse of the system to take houses from grannies.

Lets say any item worth over $10k (including cars, land, houses, companies, etc) would be part of the system.

Another way of looking at it is "all items in the nation are always for sale, and if you don't want to sell you better choose a high price".

Obviously if you don't want your stuff taken, declare a high value. But you'll pay a bit more tax for the privilege.

[s1artibartfast]

Perhaps we could institute a similar law for people and tax their self reported value of their time/labor. If you under-report you can be press-ganged into slavery for a specified duration, say 1 year.

This would ensure that people's labor and their bodies would be put to the most efficient economical use as well as increase tax revenue.

It would also solve the problem of undercompensating of workers. If your employer values your experience and knowledge, they would have to pay a premium for it, otherwise a competitor would buy you out from under them.

[gruez]

Poaching is already a thing. Why do you need a press gang law on top?

[s1artibartfast]

poaching is currently inefficient. Poachers have find employees and many employees refuse the offer for selfish reasons, Even if the salary is higher and would generate higher income taxes. These people are cheating society of tax revenue and growth it would otherwise have.

Lots of people hoard their time, spending it with friends, family, and children. This would force that time and labor into the market, where it could be taxed and contribute to social good.

A woman reading a book or singing to their child creates no taxable income, and doesn't contribute to GDP. Under the current proposal, If She didn't pay sufficient income tax on the time she selfishly hoards, a company like hooters could buy her and put her labor to more productive use.

[JumpCrisscross]

> perhaps a 10% 'hostile sale' fee is given to the government to prevent abuse of the system to take houses from grannies

So Bob is not only out a car, but down $1,800k to boot?

[ttymck]

Surely you can't be serious. Say, in this fantasy world, my car appreciates $3k. Can Fred still pay $18k before I have a chance to re-assess?

[londons_explore]

If some asset changes in value, you could reassess at any time.

Just like a car dealer changes the sticker prices on his cars every few days,

[pertymcpert]

Have you really thought this idea through before you write about it in public?

[sroussey]

This will be fun with crypto. You assessed yesterday and it shot up in value and I take it off your hands at 3am.

[happyopossum]

So now you have a full time job managing the declared value of all of your assets? Or perhaps you'd suggest families now have to hire an asset management firm?

this is ridiculous