this post was submitted on 11 Jun 2025
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Thanks for that. I need to reread it a couple of times and stew on it for a good while. Being from the USA, my perspective is obviously skewed from that perspective. My immediate question arises from generations behind baby boomers who never had the opportunity of home ownership (and related maintenance/tax expenses), who may be able to inherit properties, if not having to be signed over to the state for necessary elder care expenses. In this situation, the beneficiary have wealth, but have to sell the property to pay taxes, then be taxed on savings, and still unable to afford modest housing, rented or bought.
In this example, my immediate thought is in favor of doing away with sales and/or VAT, but having aggressively progressive income taxes, with income under $x being exempted, or even negative tax burden*.
*Kitten bumped device before sentence completed.