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to solve that problem I would propose an inheritance tax.

But you are right, maybe we need a transition period where wealth is taxed. But IMHO that will be politiclly impossible to do unless we have a big revolution...

So I would concentrate on a no-loopholes tax on all income. Just look at the current debate in the US Presidential race and Mitt Romneys low tax and wealth which has resulated to a big part because of that low tax...

by crankykarsten (cranky (where?) gmx dot organisation) on Fri Jan 20th, 2012 at 10:59:17 AM EST
[ Parent ]
We could enact an 'alternative minimum tax', but this time with the minimum being about 30% and the threshold being, say, $500,000/yr. and a lower level of 20% with a threshold of, say, $200,000/yr. Both of those levels are well into 1% territory. But I dream, even if they are relatively modest dreams. The story of my life.  :-)

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Fri Jan 20th, 2012 at 10:44:39 PM EST
[ Parent ]


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