Wealth taxes, on the living or the dead, reduce levels of investment in productive assets, undermine economic stability and won’t raise the money their advocates claim
I've read that one thing that keeps wealth tax is that it gets pointed out to enough legislators (or their staff), "Akshually the kooks are largely right that valuations are BS; but if we prove that, it will cause enough damage to the economy to render you unemployed next election".
Britain CAN get more tax from the multinationas,l though. Just invade and colonize Ireland again, which is what God (the True one, Who doesn't support papist superstition) wants for England.
Makes sense to me. And small business owners, farmers, the ordinary working person, children, the poor, invalided and old. Bugger.
I've read that one thing that keeps wealth tax is that it gets pointed out to enough legislators (or their staff), "Akshually the kooks are largely right that valuations are BS; but if we prove that, it will cause enough damage to the economy to render you unemployed next election".
Britain CAN get more tax from the multinationas,l though. Just invade and colonize Ireland again, which is what God (the True one, Who doesn't support papist superstition) wants for England.
"...keeps wealth tax from happening...." is what I meant to write.