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Did I say mandatory? I meant optional! You're "free" to die in a cardboard box under a freeway as a market capitalist scarecrow warning to the other ants so they keep showing up to make us more!
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this post was submitted on 19 Sep 2024
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Not a bad plan.
Thanks.
I distinguish between problematic wealth (financial assets, which entitle the owner to revenue ultimately produced by workers) and non-pronlematic wealth (assets ultimately purchased from workers.)
A worker who produces widgets earns his pay from the sale of those widgets. That worker shares the income from those widgets with the owners of the widget factory. That worker is better off when a rich individual purchases a $10,000 widget than when that rich individual purchases a $10,000 share in the factory.
So, we should tax wealth held in the form of factory shares rather than wealth held in widgets, to incentivize this rich person to buy widgets rather than shares.