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a wealth tax

Instead of income, tax salary and wealth progressively. At the higher net worth 1% levels, all that incentives is bragging rights. No serious decrease in well being is involved if Trump goes from being twice as wealthy as Romney to being 198% as wealthy. He still has bragging rights. A wealth tax that slowed the rate of doubling by 2% would generate most of the budget. The rest could come from a salary (total compensation package) tax that would be low but with no deductions--a graded flat tax that would similarly slow the rate of doubling.

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  • published this page in Ideas 2016-10-09 10:20:20 -0400