> Wealth taxes are inherently stupid in our modern financial system
"our modern financial system" is what is left of a reasonable but by now largely dismantled financial system that used to exist between roughly the 1930s and 1980s.
The entire phrase "Wealth taxes are inherently stupid in our modern financial system" has "throwing up my hands" and "there's nothing we can possibly do" written all over it. The financial system is a societal construct, not a natural constant like, say, the speed of light.
"our modern financial system" is what is left of a reasonable but by now largely dismantled financial system that used to exist between roughly the 1930s and 1980s.
The entire phrase "Wealth taxes are inherently stupid in our modern financial system" has "throwing up my hands" and "there's nothing we can possibly do" written all over it. The financial system is a societal construct, not a natural constant like, say, the speed of light.
If not "wealth taxes", then what? Poverty taxes?