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pessimizer 2 hours ago

> 20% tax on wealth

Thank god no one is talking about this, then. According to Graham, a 20% wealth tax is equivalent to a 400% income tax.

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lazide 2 hours ago | parent [-]

Read my comment - it likely would be equivalently impossible. That is my point.

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pessimizer an hour ago | parent [-]

Read my comment - it is completely irrelevant to the discussion being had about the linked article, and no one on the planet is suggesting a 20% wealth tax. That is my point.

	▲	lazide an hour ago \| parent [-]
		The argument was that it was ludicrous to say a wealth tax of x percent > income tax of x percent in actual impact, yes? It is clearly the case if you try to apply the income tax rate as a wealth tax using concrete real world examples. Even a 3% property tax makes it very difficult for many normal people to own those assets in many real world economic circumstances.