this post was submitted on 24 Feb 2024
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Communism
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I don't think a wealth tax is going to resolve all the problems of society. The rich are super good at off shoring their assets, mingling them into family, setting up legal entities to hold it, etc
The more solvable problems I see are (1) corporations basically don't pay tax (2) 1-2tn per year is not even accounted for by the US military
There's no one solution. It's going to take hundreds of solutions to make a difference. This is just one of them.