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    1. LazyImmigrant on

      Anyone who proposes a wealth tax is someone who doesn’t understand what wealth is or what money is. Most of the world’s wealth is tied to future value – Zuckerberg is wealthy because he owns shares of Facebook and people believe facebook will continue generating value well into the future and not because he has a room filled with gold coins (which he may well have) – if the government starts taxing wealth, it is essentially saying over the long term, it can create more economic value than FB can using the same amount of capital. I don’t think that’s a game governments want to play because wealth can be destroyed just as it can be created, and wealth taxes go into destroying wealth territory.

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