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b_b · 4102 days ago · link · · parent · post: End the 1 Percent’s Free Ride: Taxing Land Would Solve America’s Biggest Problems
Of course we already have that to some extent, I just don't think it's progressive enough. For example, a big part of each low earner's taxes (here in the US, anyway) are payroll tax, which is regressive, the exact opposite of what's healthy. And the capital gains rate is flat and very minimal, which also doesn't make much sense for the economy. IMO changing those two things plus making the income tax more progressive is a better idea than a land tax.
JakobVirgil · 4102 days ago · link ·
wealth is usually distributed in a power curve so so steal the Forbes "fair" tax easy function.
the tax code should look something like this. tax = ((income ^ p) - standard deduction)/n were 1 < p < 2 and n is somewhere around 5.