[ In a way, wealth tax is another form of taxing one’s labor.
What do the left-wing politicians do with it but redistribute, after all? Naught else that I see. ]
Right now all we can do is stop the bleeding dry of the economy. I think that a hard cap of 10% totally of the GDP being sent to Washington would be a good start. Let the politicians debate what areas that 10% is taken from. That should keep them busy for a while.
Sadly the left will never recognize that taxation is government theft because they view all citizens as “wards of the government and part of government property” Where as conservatives see government as fire, something that can be used ward off animals, and in war to kill your enemy but too much will burn you house down to ashes.
I see government as fire, the question is how to we build some damned fire breaks around it to keep it from burning everything down?
“I think that a hard cap of 10% totally of the GDP being sent to Washington would be a good start.”
The borrowing is a problem too. It distorts the economy because a deeply in debt government wants low-interest rate money.
I was planning on getting 5% on average at least on my money.