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.

Published by

Joel Gross

Joel Gross is the CEO of Coalition Technologies.