A wealth tax. Their wealth will continue to grow exponentially, but at least a portion of it could be harvested to reduce the deficit.
Taxing capital gains the same as ordinary income. Making money from investments requires no effort, and it blows my mind that wage income is taxed more heavily.
Trying to get exact numbers for wealth to tax it is near impossible especially in ultra wealthy areas with their own ways of hiding it
Anyone who suggests touching capital gains will be accused of attacking peoples retirement at least in the US 401ks have replaced most other forms of retirement benefits
Im surprised there aren’t more Georgists in this day and age when we have so much bogarted land and empty luxury apartments
Some things that would help:
Trying to get exact numbers for wealth to tax it is near impossible especially in ultra wealthy areas with their own ways of hiding it Anyone who suggests touching capital gains will be accused of attacking peoples retirement at least in the US 401ks have replaced most other forms of retirement benefits
Im surprised there aren’t more Georgists in this day and age when we have so much bogarted land and empty luxury apartments
Probably because the foundation of georgism became fundamentally irrelevant with the invention of the microprocessor.