this post was submitted on 20 Nov 2024
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Interesting Global News

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Organisers urged protesters not to bring farm machinery into central London, though some tractors drove past Downing Street covered with signs saying “the final straw” and “no farmers, no food.”

Archived version: https://archive.li/6qCeT

SpinScore: https://spinscore.io/?url=https%3A%2F%2Fwww.euronews.com%2F2024%2F11%2F20%2Fthousands-of-uk-farmers-descend-on-parliament-to-protest-against-inheritance-tax-hike

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[–] [email protected] 9 points 3 days ago (1 children)

Because that leads to a snowballing effect. Money begets money. Over generations, it gets sucked into an ever smaller pool of people. This (among other things) led to serfdom etc in the Middle Ages. We only broke out of that due to the Black Death.

We need a way to allow money to spread back to the general populous. An inheritance tax is a crude, but effective, way to do that.

How would you go about achieving this?

[–] [email protected] 0 points 3 days ago

Most intergenerational wealth is lost within a few generations actually.

There would be 2 things id do to fix tax

  1. Resource tax for every kg of material dug/pumped out of the ground.
  2. Land value tax based on the developed value of the land
  3. If i had global control then id do a 75% capital gains tax on all gains over 5million