- cross-posted to:
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- cross-posted to:
- [email protected]
The only people it’s worth it for are the connected billionaires who can scoop up assets cheap while the rest of us end up as serfs.
The only people it’s worth it for are the connected billionaires who can scoop up assets cheap while the rest of us end up as serfs.
Can you provide evidence of concrete examples of specific taxes or articles in the form of an academic economic journal that backs that claim? All of the economics and history of economics that I have studied suggests wealth taxes are very ineffective which is why historically speaking they get axed.
https://en.m.wikipedia.org/wiki/Sealioning
I asked if any wealth tax has been effective because I am unaware of any. The person who replied enthusiastically “yes” needs to back that because there could be an example I am unaware of. There is the possibility that I am wrong or mistaken.
The only person acting in bad faith here is yourself. You should ask yourself why that’s the choice you made.
I don’t know that I agree with the conclusions of the video. But TLDR just did a video outlining some history in UK and concluded ones off wealth taxes have worked and listed two examples
Im typically not inclined to cede credibility regarding economic claims to any non-academic source regarding economics. Who is TLDR?
Do a fucking Google. It’s a news channel on YouTube. If you’re concerned about credibility, they just interviewed Keir Starmer and have been around for a few years.
Do you think googling “tldr” is going to get me to a youtube channel? Not everyone has your google history. Ffs I dont even watch youtube.
4th on the list. Yes, you could have found it. https://duckduckgo.com/?q=youtube+wealth+tax+tldr&t=ofa&ia=web
I mean… Fuck economic theory, the entire field is a mess of myths and narratives. There’s good work to be sure, but governments and organizations just find models that support what they want to do, no matter how much it conflicts with observations
There’s historical examples in this country, there’s modern examples like the Scandinavian model… Wealth was redistributed, there’s
I have no idea what you’re asking for. What even is a wealth tax “working” to you?
I mean I could pull up some economists who go over numbers and adamantly advocate for wealth redistribution, but I feel like nothing I give you is going to actually change your mind
Advocating for wealth distribution isn’t the same as a wealth tax. We typically tax income because that’s much more easily and fairly measured than wealth. A functional wealth tax would be one that didn’t cause greater rates of capital flight and tax evasion/avoidance than the amount of revenue it creates.
Frankly, you start off by declaring economic theory to be a “mess of myths and narratives” which doesn’t suggest you have an understanding of the subject. The fact I need to explain what a tax working is and correct you on the difference between supporting redistribution vs backing a wealth tax further supports the idea that maybe you shouldn’t be talking dismissively about a subject you don’t seem to be well versed on.