[krisoft]

> If I were tax policymaker, I would force all assets to have a valuation every year, and published in a register, and allow anyone else to buy any of those assets for the declared value.

That feels problematic. How much is your wedding band? Or the urn with your grandma’s ashes? Or the favourite teddy bear of your child? Or all coppies and rights to your wedding photos?

I hope you declare them high enough or people might just take them for the lolz.

[s1artibartfast]

you are thinking too small. Buy up all the futures in food, 100x your stated valuation, and sell it back to the starving masses.

[krisoft]

Yeah. Maybe. That plan sounds hard. In particular at that level of disruption society will defect. You will owe all the food on paper, but nobody will enforce your right.

Probably it would be much more lucrative to snatch up the homes of older folks who accidentally misdeclared. With the right PR you can even label your victims as tax cheats! What a “beautifull” system!

[s1artibartfast]

Why should we let private profiteers benefit from the mistakes of the elderly. We should have the IRS snatch their homes directly for resale. This would optimize turnover and government revenue.

[FactKnower69]

feigning an inability to distinguish between private property and personal property to manufacture resistance to reform of political economy, what a concept

[krisoft]

Are you saying that when they said “all assets” they actually meant “some assets”?