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ranbotrader
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A Big Bank Suggests WEALTH Taxation - Jeff Nielson - Sprott Money -

Good article. I almost clicked it off after the first couple a paragraphs but persevered. Worthwhile.
The issue not discussed is the means used by the 0.1% to hide their assets in tax shelters all around the planet and whilst a wealth tax would be wonderful how do you collect this from the obscenely rich when you do not know what they are worth? Not as easy as first thought.
The real issue is that the political system and the commercial media are controlled if not owned by the mega wealthy. At every election campaign you get the same right wing propaganda broadcast like a North Korean radio station. It is sickening tripe designed to lure the simple minded into voting for the wrong candidates, but it works. Has done so for decades. A case of 'the commi under the bed' BS.
I welcome any system which taxes the rich and remind all about Warren Buffett's lament "My secretary pays more tax than I do". I have to admire a rich man who says his piece about corruption and a system designed to benefit the rich and tax the poor.

Commented 2909 days ago

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Beginning of the headline :There is a two-word phrase which is virtually never heard within the vacuous propaganda machine known as the mainstream media: “wealth taxation”. There are very obvious reasons for such conceptual censorship. To begin with, the corporate media is merely one of the subsidiaries of the financial crime syndicate which readers know as “the One Bank” . The One Bank exists for one purpose, to steal wealth. Any form of wealth-taxation would effectively claw back significant amounts of these ill-go... Read More

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