@kimmaicutler @nick_bunker exactly zero chance of that occurring.
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@rabois@kimmaicutler@nick_bunker income is certain but wealth is subjective. Zuckerberg could argue Facebook is worth book value. - 2 more replies
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@kimmaicutler Similar to LVT that exempts land improvements: unproductive assets charged same tax, which would put more land/capital to work -
@RFrances2@kimmaicutler it's exactly the same (an 'ad valorem' asset efficiency boost), only not nearly as good. - 16 more replies
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@kimmaicutler True. It forces $ into the http://economy.One who works hard to earn $100K should pay less that someone siting on $100MThanks. Twitter will use this to make your timeline better. UndoUndo
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@kimmaicutler taxing unproductive use of assets is such a better idea.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@kimmaicutler@nick_bunker does that imply taxing total value of assets rather than streams of income produced by said assets? -
@J_AndradeFong@kimmaicutler@nick_bunker yes, that is wealth tax https://en.m.wikipedia.org/wiki/Wealth_tax
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