1) I think there are compelling arguments in favor of a more consistently/quickly realized and/or higher tax on the highest earning individuals. I don't think that a tax on unrealized gains alone is the right approach because it would force selling of equity, but:
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2) I think there are a number of potential options that could accomplish the goal without nearly as many side effects. I think that a consumption tax on the wealthy or a way to pay a one-time unrealized gain tax in equity could make sense, and tax borrowing-->consumption.
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Govt spending is the issue.
They have enough revenue from taxes
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The govt doesn’t need more money.. none of them are god spenders or particularly smart. Most don’t have a vested interest in the future due to age.
They should give tax break to working class.
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Agree to the consumption tax. It opens the door to a larger footprint for the black market, however. Let's not forget that regulation is one of the greatest drivers of innovation.
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