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Holding wealth on the order of 20 times GPD per capita allows one to live comfortably without working. Why should there be an inalienable right to hold such wealth?

Similarly, holding wealth on the order of 100 times GDP per capita allows one to comfortably support an entire family unit without working.

I don't think a relatively high rate of property tax for property amounts above 100 times GDP per capita can be considered expropriatory unless one is interested in protecting dynasties.

tens of millions of people stand to see their lives ruined because the bureaucrats at the ECB don't understand introductory economics -- Dean Baker

by Migeru (migeru at eurotrib dot com) on Fri Jan 20th, 2012 at 09:27:04 AM EST
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