Taxing wealth instead of work is touted as an important part of the solution to the wealth gap, but I’m curious which other solutions have been proposed or attempted and have succeeded or failed.
Taxing wealth instead of work is touted as an important part of the solution to the wealth gap, but I’m curious which other solutions have been proposed or attempted and have succeeded or failed.
Or something similar, like have a UBI with brackets based on net worth. For each bracket the UBI decreases as your net worth increases.
And then also have a bracketed income tax for income earned outside of UBI. Where income earned up to some multiple of UBI (like 3x-4x), is tax free but beyond that it’s taxed at progressively higher rates, eventually reaching 100%.
Pretty much.