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.
Who’s to say the person making $150,000 is living better?
Anecdotally, I just moved from a city with a median rent of $1600/month to a town where I just pay for utilities, to watch someone’s second home. I make the same amount of money.
I used to live near a low income grocery store that reduced my food expenses by 75%.
When I have access to a garden I can cut down my yearly food costs by a few hundred dollars.
I have no children. My friend with two kids makes twice as much as me and has less disposable income.
I still say give everyone the same amount. If it ends up making them disproportionately wealthy, tax the wealth.