Naive question, but how are wealth taxes actually collected and assessed? https://twitter.com/JStein_WaPo/status/1088507658208989184 …
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I am generally anti higher taxes. I think there is massive inefficiency in capital allocation by the government. I don’t think it’s needed. But if I had to pick, I would be for a moderate 0.5% to 1% (and not more) wealth tax over higher marginal income tax.
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Massive inefficiency in capital allocation, says the guy facilitating ever higher land rents.https://www.ft.com/content/ffa66898-fe7b-11e6-96f8-3700c5664d30 …
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