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kleinbl00 · 3691 days ago · link · · parent · post: Bill Gates: Why Inequality Matters: A review of Thomas Piketty’s Capital in the Twenty-First Century
If I recall correctly, this was one of the prime drivers for Carnegie - the tax rate he was facing was so ruinous that he would have lost most of it anyway. That's the company, not the individual, and you don't tax a company on value, you tax it on revenue. (livin' it) A wealth tax might encourage more philanthropy
although I do see problems of liquidity for some people, e.g. an entrepreneur whose company is worth $100M, but who is cash poor)