I don’t agree with wealth taxes. The ultra wealthy will find the ways to avoid them and it will end up disproportionately landing on the middle class like everything else.
If it has to be done, it should be at the sources of the wealth so that they can’t be dodged. Things like property taxes, corporate taxes, taxation of stock buybacks (which is a way to pay dividends without paying income tax on them). The middle class will still be paying these, but at least the ultra wealthy will be contributing on their share of the wealth generation too.
If it has to be done, it should be at the sources of the wealth so that they can’t be dodged. Things like property taxes, corporate taxes, taxation of stock buybacks (which is a way to pay dividends without paying income tax on them). The middle class will still be paying these, but at least the ultra wealthy will be contributing on their share of the wealth generation too.