You're basically describing one way the rich dodge wealth taxes and saying we can't do it because it's hard to figure the value of some things out.
I don't deny it's very tricky and people will absolutely do their best to dodge as much as possible, but that doesn't invalidate the purpose they serve. You can't claim those hundreds of properties you have are worth $1.
I'm by no means an expert but my idea would be to tax rich people yearly after a cap. We don't want to tax workers but the whole swath of parasites that simply extract from society.
Your company example is odd. Can you lend based on your theoretical valuation of $1B? Then perhaps we tax if you do. I don't know all the answers off the top of my head and neither should I.
That doesn't mean we let people accumulate wealth infinitely. It's a problem and there's no way to ignore it. The more wealth is accumulated, the more they accumulate and for a lot of assets it is literally a zero sum game. If they own everything, we own nothing.
Posing edge cases and possible dodge scenarios like you did is exactly what a politician should be spending their time on when proposing these.
> I'm an above-average paid 'developer' now and he works minimum wage in a factory. So, should i lose something or have to pay something back, because my parents made better decisions than his?
Not more than what's fair. Unless you're secretly a multi-millionaire, this wouldn't ever affect you. I don't understand people's fears of taxation on the super rich when they aren't even close to that.
These taxes are not for working people. If you don't live off a trust fund from daddy you probably don't have to worry. Well, if we're being honest, this will never happen because they own the politicians too... but a man can dream.
I don't deny it's very tricky and people will absolutely do their best to dodge as much as possible, but that doesn't invalidate the purpose they serve. You can't claim those hundreds of properties you have are worth $1.
I'm by no means an expert but my idea would be to tax rich people yearly after a cap. We don't want to tax workers but the whole swath of parasites that simply extract from society.
Your company example is odd. Can you lend based on your theoretical valuation of $1B? Then perhaps we tax if you do. I don't know all the answers off the top of my head and neither should I.
That doesn't mean we let people accumulate wealth infinitely. It's a problem and there's no way to ignore it. The more wealth is accumulated, the more they accumulate and for a lot of assets it is literally a zero sum game. If they own everything, we own nothing.
Posing edge cases and possible dodge scenarios like you did is exactly what a politician should be spending their time on when proposing these.
> I'm an above-average paid 'developer' now and he works minimum wage in a factory. So, should i lose something or have to pay something back, because my parents made better decisions than his?
Not more than what's fair. Unless you're secretly a multi-millionaire, this wouldn't ever affect you. I don't understand people's fears of taxation on the super rich when they aren't even close to that.
These taxes are not for working people. If you don't live off a trust fund from daddy you probably don't have to worry. Well, if we're being honest, this will never happen because they own the politicians too... but a man can dream.