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To: ex-snook
Yes this does sound heretical but perhaps helpful to upward mobility to put wealth back into general circulation.

The "Death Tax" does do this, somewhat. I used to be under the assumption that the death tax was inherently wrong, but now I see that was an incorrect assumption.

It can be wrong, if it is employed merely as an additional revenue generating tool, or as a way of controlling social policy, etc.

But if we view tax as something close to merely a reflection of the benefits gained by an individual by having the government versus anarchy, then it can be seen that those with wealth benefit far more from the institution of government than someone who does not. (An anarchic system would be very vulnerable to brigandry, and there's no way the stock market could exist to allow individuals so many paper billions of dollars.)

Real Property taxes are another, yet they hit only one segment of wealth.

It's a difficult question, but I believe it is important to understanding the wealth gap--a phenomenon that has brought about the downfall of civilizations throughout history, even today. I believe we have restistances to its effects, but we are not immune.

122 posted on 06/08/2008 12:51:05 PM PDT by Gondring (I'll give up my right to die when hell freezes over my dead body!)
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To: Gondring
"It's a difficult question, but I believe it is important to understanding the wealth gap--a phenomenon that has brought about the downfall of civilizations throughout history, even today. I believe we have restistances to its effects, but we are not immune. "

Thanks for the exchange. I wish someone with your thoughts were running for President. The growing wealth/income disparity could be just the slow boiling water for the US. Some think we should be a pure textbook economy but we are a political economy with the overtones that voting implies. A gated community around dollars has joined the gated community around real estate awaiting the eventual surge of the serfs. But to what end considering the liquidity of $? The balance of government conceived by the Founding Fathers needs to be applied to the economic world for the long range good of America.

130 posted on 06/09/2008 7:12:29 AM PDT by ex-snook ("Above all things, truth beareth away the victory.")
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