'See? Not Radical': New Poll Shows Nearly Two-Thirds of Americans Support a Wealth Tax to Fund Universal Programs

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[–]mikipika 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (2 children)

What if, instead of taxing the wealthy, we tax luxury. Like if you buy a yacht or a plane, jewels, art, etc?

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

They don't buy enough. the rich can't spend the money they have unless your Betsy the multilevel marketing teacher. How many boats does she own now?. I say a percent of what they own is a smarter way then hoping they buy new shoes. Unless you like being taxed more for nothing.

[–]mikipika 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

The question is should we tax their income. Obvious they will hide their income or subvert the rules.

They don't buy enough

REALLY? I disagree. Will they stop buying stuff? Stop going on vacation? Stop spending money to try to stay young? It's not a blockbuster, but it doesn't have to be. It would simply bring back some of the wealth they are hoarding for themselves back into the economy. It may be small to you, but to me it would be significant enough.