> Nobody wants to give away a slice of their net worth to pay for bullshit wars and ballrooms.

The vast majority of people in America are already doing this, because their wealth is entirely derived from their income. Your complaint isn't relevant to the discussion of wealth vs income taxes.

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thunky 3 hours ago | parent [-]

> The vast majority of people in America are already doing this, because their wealth is entirely derived from their income

Derived is not the same thing. Not even close.

Then why stop at 1%? Why not fork over half of your possessions to the government every year and let them spend it for you, if you trust them so much?

And by the way we already have a wealth tax. Its called inflation.

	▲	tyg13 3 hours ago \| parent \| next [-]
		Why not eliminate tax entirely, then? Is that a conclusion you'd support?
	▲	AnimalMuppet 3 hours ago \| parent \| prev [-]
		Inflation is only a wealth tax if you invest in cash. If you invest in stocks, real estate, and sometimes other things (gold, bonds, art) then your wealth grows faster than inflation.