It’s the first step in a wealth tax. In the future a government “wealth assessor” will inventory everything you own or invest in, make an arbitrary determination of how much its “worth”, and then set your taxes. Like property tax but a million times more complex and arbitrary.
It’s the first step in a wealth tax. In the future a government “wealth assessor” will inventory everything you own or invest in, make an arbitrary determination of how much its “worth”, and then set your taxes. Like property tax but a million times more complex and arbitrary.
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