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.
Make it illegal. Say 10x more then the median is a jail scentence of 10 years.
There is noting more economically toxic then inequality.
How would that work? The median changes all the time. If you’re at 8x and suddenly the median tanks and you’re at 10x, straight to jail? But let’s say there’s a grace period of 1 year during which you have to reduce your wealth, what if it’s the house you’re living in that was inherited. That house now cannot be sold to anybody because anybody owning that house would go to jail. It doesn’t have to be a house either, it could be land and by chance a rare mineral is discovered on neighbouring land that sends your land value skyrocketing, do you have to sell that land to not go to jail?