Quote:
Originally Posted by elphenor
I'm honestly for a 100% marginal over a certain amount on ALL forms of inheritance
And anyone thought to be attempting to hide income in tax havens should face trial for it
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This is where it gets interesting. Suppose we managed to close all loopholes and then introduce a steeply progressive tax on income, fortune, ownership and inheritance. The wealthy/business-owners would see this as an immense blow to their personal fortunes, and lose a lot of incentive to invest. What's the point of investing if it's not profitable? So they would either:
1. Try to revert these taxes by all means (parliamentary struggle, capital strike, illegal means)
2. Move their enterprises (and fortunes) abroad to somewhere more profitable
This is going to happen as long as the means of production and immense amounts of wealth are in private hands. The only way to deal with this is to take over the privately-owned means of production in the hands of the collective, and then radically distribute society's wealth.