How to reform taxes: A chess model
People are proposing wealth taxes People are talking about taxing wealth. Everyone relies on society so if you own more, you use more and benefited more, they say, so should pay more. Besides, they add, the wealthy can structure what anyone would call income so it doesn't look like income on taxes so avoid paying any taxes. Moreover, they further add, there's no "natural" law that makes wealth untaxable, so society can decide what to tax or not. The U.S. once taxes around ninety percent during economic boom times. Others oppose them Others criticize the idea. If money people earn can be taken away, they'll lose motivation to start businesses that help the economy and create jobs, they counter. It will motivate rich people to…
