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points by viraptor 1 day ago | 0 comments

> We've seen what happens when people decide to confiscate wealth with promises of good living standards for everyone.

This is how taxes work. I'm not sure why you jumped from one extreme of the US to the other extreme of Cambodia, ignoring the quite normal end successful middle.

[–] entrope 1 day ago

Taxes generally do not promise good living standards for everyone. Usually they come with promises of public infrastructure, some kind of safety net, and some other benefits. How did wealth taxes work out for Austria, Denmark, Finland, France, Germany, Iceland, Ireland, Italy, the Netherlands, Luxembourg, and Sweden? They also didn't promise good living standards for everyone, yet still found that wealth taxes were worse than not having them.