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taxation policy
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- johnky...
Key Reasons Taxing Unrealised Gains Is Problematic
Liquidity Problems: Taxpayers may not have the cash to pay tax on gains they haven’t actually received. Both mitigation and remediation measures incur additional costs for taxpayers that are not captured as tax revenue to the government (for example, fees and interest on... How do you avoid violent redistribution of wealth?: Gradualists
The slow way Look, I know what Sweden sounds like at this point. I know we cite it constantly. But here is why we keep going back: in 1951, Sweden’s top marginal rate was 58 percent, union membership stood at 70 percent, and the Gini coefficient was among the lowest in the... - dbaynard...
That's a comprehensive list of cons; many can also be arguments in favour, though. I haven't read the proposals in detail and so I'm neither in favour nor against the policy, but people who control significant assets get enormous tax advantages, now, often at significant cost to...