[iamnothere]

Consumption tax + land value tax + compensatory UBI should be a winning combination. Someone can hoard all they want but will pay when it comes time to spend the hoard.

You can also reduce or eliminate the tax on essentials like groceries.

Wealthy progressives don’t like it because many of them hold a huge portion of their wealth in housing. They imagine that they can somehow fix inequality without fixing distortions in the housing market.