Quote:
Originally Posted by ianch99
We need to remodel the economy, patterned on the Scandinavian or Nordic Model. The high net worth individuals need to be taxed more: on wealth, not income to redistribute some of the gains made over the last 40 years of trickle up free market economics.
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Problem is then defining high net worth. Say you live in a property you bought cheap many years back in an area that has become "desirable" so increased disproportionately in value you may have high worth but you are cash poor why should you pay for that? Or you bought a wreck, worked on it over many years, invested in it (paying tax on all that work), looked after it so again it has high worth?
It seems to be a pretty leftist idea to tax success.