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rickydroll | 3 days ago
No one tax "solves" the problem. The problem, as I see it, is wealth hoarding beyond what any normal person would need to carry them through to the end of life. Instead of listing everything we should tax, maybe it'd be shorter to say that we look at what billionaires do to avoid taxes and close those loopholes. Then watching them again, and every time they come up with a new tax evasion strategy, fix it.
I wish I had the resources to develop an AI system that could find and document all instances of tax evasion by billionaires. But if I did that, I suspect I would need to be extra careful crossing streets, going near balconies, and reminding people that I'm not suicidal.
lotsofpulp|3 days ago
All wealth sits on land, and all land is already constantly appraised and subject to land value tax. It would be a trivial change to collect marginal land value tax rates using beneficial ownership.
As an additional benefit, the income tax return, which enables a ton of corruption at worst, and time waste at best, is gotten rid of.