Ken Milmore on Nostr: nprofile1q…x2q04 I guess if we decide we are going to do a wealth tax, there will ...

nprofile1qy2hwumn8ghj7un9d3shjtnyd968gmewwp6kyqpqnxpazs7896gw3nxcy9gqx6wx8q8cswk6wqrftnxnv5zl8uxwjyfq2x2q04 (nprofile…2q04) I guess if we decide we are going to do a wealth tax, there will immediately be a bun fight over what constitutes wealth. The whole tax system is set up to tax movements of money, but if you want to tax wealth you have to start accounting for it. That means valuing things like land assets, volatile stocks and trusts. That could actually be very expensive for the state to set up, which may be why the politicians don't want to go there. It is much easier to tax high incomes than wealth.