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Taxing wealth instead of work is touted as an important part of the solution to the wealth gap, but I'm curious which other solutions have been proposed or attempted and have succeeded or failed.

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[–] recentSlinky@lemmy.ca 15 points 1 week ago (1 children)

Capping wealth. 100% taxation over a certain amount. If you can't make more money, why steal wages from your employees or raise prices more than it's needed? And if you do, all extra money will be taxed and gets back to the people anyways.

[–] atro_city@fedia.io 4 points 1 week ago (1 children)

And if you do, all extra money will be taxed and gets back to the people anyways.

Are you proposing a 100% tax on wealth after a certain limit? How would that work? For example you own a house and from year to the next its worth goes above that limit: what's supposed to happen?