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Does this plan make sense? (lemmy.world)

submitted 9 months ago by [email protected] to c/[email protected]

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[–] [email protected] 12 points 9 months ago (1 children)

Capital gains taxes and graduated lending taxes would do far more to combat wealth inequality than income tax ever could

[–] [email protected] 8 points 9 months ago* (last edited 9 months ago) (1 children)

I'd just like to give a shout-out to estate tax, which is the only kind of tax that has the explicit purpose of preventing the establishment of an aristocracy.

[–] [email protected] 5 points 9 months ago

Yeah but it also means that families might not be able to afford their own home if the people listed on the deed die.

1 home should be deductible from property and estate taxes for all individuals, and not at all for any kind of corporation or organization.