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Comment on A UK headline wealth tax? It may be simpler to put up existing taxes

I don’t quite follow. I agree that wealth doesn’t trickle down and tbh I can’t tell if we agree or not generally. I can’t quite follow. I think the wealthy should pay a wealth tax.

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deadcatbounce@reddthat.com ⁨5⁩ ⁨days⁩ ago
The wealthy have the resources and access to professionals not to pay tax. So they don’t.

I agree that they should pay tax, but they don’t. It is how it is.

There are two main things that seem to work:

Having taxes at low levels for everyone generally.

After a two or sometimes three generations, the wealth is frittered away by overindulged great-great-grandchildren. Sometimes they are so wealthy, well-educated and taught to wealth preserve that that doesn’t happen.

Source: I studied accounting at accountant which specialised in extremely wealthy families. My own beginnings are very humble.
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