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TopicI feel like there needs to be a limit on wealth.
OniRonin
07/18/20 10:24:37 AM
#11:


adjl posted...
The concept seems nice enough, but in practice, it'd be too easy to get around to make any real difference. Cap it at $1 billion, and you just get multibillionaires paying some random people $10,000 a year each to hold on to $500 million for them until they want to access it, or continuing to hide it in offshore tax havens like they currently do to avoid paying taxes on it, or even just giving it away to friends and family members instead of letting it be taxed away and used for public benefit. It wouldn't be impossible to make it work, but it's going to entail outfoxing a whole lot of very highly-paid accountants and lawyers, and the sheer cost of the audits required to enforce it long-term could very well outweigh the potential benefits.

this is a flaw of the western conception of criminal justice, not TC's idea. we know who they are, simply execute them or send them to a labor camp


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