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California is chasing wealth that has feet

293 points · 870 comments · idbnstra

  1. binlog · · focus · HN ↗
    Wealth taxes are a symptom of a broken tax system. If you let someone get to hundreds of billions in net worth and then realize they haven’t been appropriately paying back into the system, it’s already too late. Like the article says they can simply say “no” in a variety of ways, from fighting in court to simply leaving.
    1. credit_guy · · focus · HN ↗
      > If you let someone get to hundreds of billions in net worth

      "Let someone"? I guess the right to pursue one's happiness is not all that self-evident after all. One should first ask permission, and, if we are in a good mood, we might "let them" pursue their happiness.

      1. lkjdsklf · · focus · HN ↗
        > One should first ask permission, and, if we are in a good mood, we might "let them" pursue their happiness.

        yes... this is called the law...

        Lots of peoples "pursuit of happiness" is hindered by the law because we've deemed it not good for society.

        1. nickpp · · focus · HN ↗
          Last time I checked building companies offer goods and services was considered good for society.

          I actually lived in a society where this was illegal and we were all starving and freezing.

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