• AA5B@lemmy.world
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    18 hours ago

    Sure, but we know income taxes work, we have a mechanism for collecting them, and we already have a ladder of brackets that are completely logical to extend.

    While I’m also for some sort of wealth tax, I think that will be much harder to even define, much less implement. There are a lot of loopholes that need to be plugged, an entire industry for the purpose of finding those loopholes, and no objective way to even quantize unrealized gains