Two proposals—one in California, one in Congress—could finally do it. The alternative is an ever-more-powerful billionaire class that threatens democracy itself.
To oversimplify: they can’t hide the real-world things in which they store their wealth. So for example tax land, tax stock ownership, tax pollution. Legalize heists from unreported gold hoards.
That was one of the objections to land value taxes before property tax assessments became commonplace.
To oversimplify: they can’t hide the real-world things in which they store their wealth. So for example tax land, tax stock ownership, tax pollution. Legalize heists from unreported gold hoards.