Growing income inequality is driving public mistrust

Post by loco5niner » Wed, Jan 17, 2024, 9:58 PM UTC

campl3r wrote: post #40

ericra wrote: post #7

Curious to not see inheritance/estate taxes listed among the possible solutions here, but I guess that a "wealth tax" could indirectly address this by whittling away at large fortunes over time while people are still alive. This may help avoid the issue of people using trusts to sidestep estate taxes (although I'm sure they would find a way!). More generally, I highly recommend any of Thomas Piketty's books for detai…

I disagree. I'm in favor of a wealth tax, but a strong proponent of any inheritance tax (and income). A wealth tax is more fair. Avoiding it is way harder than for inheritance taxes and it's a constant spend for any estate (avoiding issues around a one time big taxable event, easing planning). If we as society want(need!) to redistribute wealth we should not wait for people to die!