• 🇦🇺𝕄𝕦𝕟𝕥𝕖𝕕𝕔𝕣𝕠𝕔𝕕𝕚𝕝𝕖
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    3 months ago

    Most intergenerational wealth is lost within a few generations actually.

    There would be 2 things id do to fix tax

    1. Resource tax for every kg of material dug/pumped out of the ground.
    2. Land value tax based on the developed value of the land
    3. If i had global control then id do a 75% capital gains tax on all gains over 5million