Taxes Are The Problem, Not Capitalism

Taxing income prevents creative entrepreneurs from rapidly stockpiling enough wealth to change the world.

If we taxed wealth instead of income, people who inherited or no longer contributed to building new things would see their stockpiles rapidly eaten away. This would prevent rich kids from staying rich unless they actually built new and better things for society.

To make sure people don’t cheat on wealth taxes, people should be required to sell their assets at the taxable value they list… This would prevent purposeful undervaluation.

Other important ideas:

-Get rid of the patent system. This crushes entrepreneurship.

-Remove tax loopholes like those in real estate

-Make voting and tax records public for everyone.

Tax And Voting Records Should be Public

To avoid the voting fraud where millions of fake or dead voters vote, all voting records should be public.

Sunlight is the best disinfectant.

To avoid tax fraud where people earning hundreds of millions of dollars pay zero taxes, all tax records should be public.

Sunlight is the best disinfectant.

This will allow our smart people to improve our system, rather than force them to try to game it.

Fred Trump and Donald Trump Tax Fraud

Fred Trump built a massive real estate empire, then transferred it to his children including Donald through his life. Donald lost vast portions of it on bad investments, but his dad kept him afloat. Details from thousands of pages of Trump documents here. https://www.nytimes.com/interactive/2018/10/02/us/politics/donald-trump-tax-schemes-fred-trump.html?action=click&module=Top%20Stories&pgtype=Homepage. Moral- Donald Trump has lied for years about being a good businessman and participated in massive tax evasion schemes.