hm this SEEMS correct but I'm not totally sure it depends on some things would held cash still be taxed? if so probably not quite so much change HOWEVER,https://twitter.com/asglidden/status/1184730466563149831 …
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my hunch is that it would be possible for the wealthy to handle this elegantly eg: assets moved to trusts that pay out to them/descendents eg: assets distributed to descendents or trusts for these descendents well be death eg: "loans" to firms over time, firms invest
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Replying to @eigenrobot
What are the negative externalities of a maximum wealth? Maximum wage?
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Replying to @eigenrobot
We say to the megawealthy that we will remove their assets above a certain number, then put them into a public fund shared among all citizens. Set the number at say 1.5 Billion.
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Replying to @eigenrobot
May have set the number too low, but yeah, the general idea is that you want to reduce the wealth gap, which is what Warren's tax is trying to do but more poorly.
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Replying to @eigenrobot
We have distinct views on how to obtain universal opulence, and that's okay.
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