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Ziggy's avatar

It's hard to tax accrued capital gains of private firms. Not impossible, maybe. But difficult, since it would require a government assessment of the gain, much like a real property tax. And rich guys will have the legal firepower to challenge every assessment.

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jonathan's avatar

Speaking of Dean Baker, and of taxes, what’s your view on his suggestion that we should replace corporate taxes with a government-owned non-voting equity position?

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