Wealth disparities of millions of times are anathema to democratic government. If you don’t want peasants and feudal nobility, you have to offset wealth accumulation.
Inheritance taxes have proven insufficient. So wealth taxes are the next best compromise.
wealth is accumulated income. income is generally from work. that’s the logic they use to justify “already” having taxed wealth. simple as that.
Wealth disparities of millions of times are anathema to democratic government. If you don’t want peasants and feudal nobility, you have to offset wealth accumulation.
Inheritance taxes have proven insufficient. So wealth taxes are the next best compromise.