this post was submitted on 13 Apr 2026
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To Tax the Ultra-Rich, We Need to Go After Their Wealth—Not Just Income (inthesetimes.com)
submitted 1 month ago by return2ozma@lemmy.world to c/progressivepolitics@lemmy.world
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[–] explodicle@sh.itjust.works 1 points 4 weeks ago

Mechanically, how and when do you assess that, and how can it be done fairly?

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.