We need to figure this out. These people don't have "income", but do somehow have plenty of money to spend. So we should use their sources of spending money as a proxy for income, for taxation purposes.

Can we:

- create a progressive tax on dividends and capital gains, based on total wealth?

- create a tax on asset backed loans?

How greedy you sound.

It is so easy to rationalise the idea of taking everything off someone who has more than oneself. We've got political phrases to justify it.

But beware because you are the wealthy: that person living on the street wants everything you have; and maybe 95% of the world deserves to take everything you own (that's only fair right?).

In New Zealand we have MMP voting, and minority parties want to bring in wealth taxes: taxes to take between 25% and 100% of retirement savings (assuming someone has managed to save enough to own a nice house). Double taxation since those savings were after already getting taxed at 30%+.

Incentives matter. Overtax the creators, and they either won't create new businesses or won't grow their businesses.

Consider moving to a poor country if you want things to be fairer.

People need to be incentivised to create wealth for their country. So that the country can afford to pay for nice things like healthcare and social services.

Balance is required to disincentivise the parasites (loan-sharks and many finance verticals seem parasitic to me)... We don't need scumbags that take wealth from everybody without creating any surpluses.

"Regressive taxation" is regressive for business building. It's a risky, shit job. Put the taxes too high and why would anyone do it? Haven't you noticed that little don't create businesses in lots of countries (because why the fuck would you!!). Go on: kill your golden geese in the USA (flatten the world market).

I've helped create a business that brings in important overseas income to NZ. I'm taxed so highly regressively that I lack the incentive to risk my precious hours to earn more money.

I hate the greedy fuckers that pontificate about taxing me. Armchair wankers can go create a business then gift their ill-gotten gains to their own governments. Just beware that the median return for a founder is approximately $0.