If you’re writing a novel, that might work, but most of us need a solution that can actually be implemented. Taxing capital gains is a solution that can be implemented.
Taxing capital gains wouldn’t do much since the rich don’t sell their stocks they just use them for collateral on loans. You need to tax them based on the current value of their stocks similar to property taxes.
How about we just get rid of them and take the wealth and distribute it that way? They’d do the same to us.
Fine by me.
If you’re writing a novel, that might work, but most of us need a solution that can actually be implemented. Taxing capital gains is a solution that can be implemented.
Taxing capital gains wouldn’t do much since the rich don’t sell their stocks they just use them for collateral on loans. You need to tax them based on the current value of their stocks similar to property taxes.