Row 47987

Row ID: 47987 | Dataset Entry | Axioma AXP Content Repository

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An income tax is a direct tax, and is permitted by the 16th. It’s unclear whether a direct wealth tax would be federally constitutional and you are right that states would have better luck (if they could cooperate to prevent flight, which Is doubtful)

Really what we should be doing (imo) is setting up tax brackets for capital gains. That would be functionally the same as a wealth tax and is already guaranteed constitutional for the federal government.

FieldValue
text An income tax is a direct tax, and is permitted by the 16th. It’s unclear whether a direct wealth tax would be federally constitutional and you are right that states would have better luck (if they could cooperate to prevent flight, which Is doubtful) Really what we should be doing (imo) is setting up tax brackets for capital gains. That would be functionally the same as a wealth tax and is already guaranteed constitutional for the federal government.
label r/economics
dataType comment
communityName r/Economics
datetime 2024-05-22
username_encoded Z0FBQUFBQm5Lak1SSVUtaU5LV1FnVnpWdVRUR1Jhb3M3alZUNy1Fc05NR0VHVGVHYWNtcGtfX1RLcmxfeHRhTFJvVnYxdFhXMGZlbUJwSHVlMXZabmNDOUp4RGNXcXZydnc9PQ==
url_encoded Z0FBQUFBQm5Lak9ndnVKNG00TU1GVklOOHd6SDlQWHBaTWVyVVpGTDVYaUxWcHVsYUpwNHZ6RmFTNzVLQ2ljcGQwVXE1YU5Ra203a2xfLTUzU2htczRIT2h6M2tHNy1tYUtOT1oyZnNWNTZ4NmZzY3BJN2hSQmZrRC1aai0ya0hPRDNFTnUyNVpkTm1HX1Q5U05UNDFQcTQ5M25FOF9VOXhXWks1eld0ZXVkV25mR3BweFdJay1XQ2RHVk1GVzUtMTdnTWRaeEtLT0lFaWFwTWNId2E2VXhzcUdCcjk2NW02QT09

Raw Record

{
  "text": "An income tax is a direct tax, and is permitted by the 16th. It’s unclear whether a direct wealth tax would be federally constitutional and you are right that states would have better luck (if they could cooperate to prevent flight, which Is doubtful)\n\nReally what we should be doing (imo) is setting up tax brackets for capital gains. That would be functionally the same as a wealth tax and is already guaranteed constitutional for the federal government.",
  "label": "r/economics",
  "dataType": "comment",
  "communityName": "r/Economics",
  "datetime": "2024-05-22",
  "username_encoded": "Z0FBQUFBQm5Lak1SSVUtaU5LV1FnVnpWdVRUR1Jhb3M3alZUNy1Fc05NR0VHVGVHYWNtcGtfX1RLcmxfeHRhTFJvVnYxdFhXMGZlbUJwSHVlMXZabmNDOUp4RGNXcXZydnc9PQ==",
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}
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