Hacker News Reader

I do think taxing profits is still insufficient, because unless the tax rate is close to 100% (lol) the "k-shaped" economy is still reinforced, but just slowed slightly. In combination with a wealth/holdings tax, maybe.

Personally I think the idea of taxing robots/tokens directly is too narrow an idea.

View on HN

It's undesirable by the companies, but it's not impossible. There's this constant talk about "Making American Great Again (Again)", but not much talk about the economic conditions that made America Great. Like high corporate tax.

That's half the battle. The other half is closing all the loopholes and making stuff that used to be illegal, illegal again (e.g. stock buybacks).

It is because personal income tax should have never existed. Nor should have taxes on primary residence. These are the most regressive taxes possible, it is basically serfdom.

Can you explain this? I think consumption taxes are the most regressive taxes possible because they are "flat" and thus affect lower-income people harder.

Marginal income taxes are regressive now in the sense that folks with more wealth have far more resources to avoid paying them, but otherwise the reasoning seems less regressive than a consumption tax (e.g. VAT)

Reply on news.ycombinator.com