On: More than half of all private wealth has been inhe...

[yorwba]

Saving money is already discouraged by inflation. A wealth tax would be functionally equivalent to a fixed inflation rate, just the numerical values would be different.

Since the numbers would be going down instead of the increasing money supply devaluing savings, I guess people wouldn't like it, because losing wealth would actually feel like losing wealth.

[aninhumer → yorwba]

Not really. Inflation reduces the value of money, but not assets. A wealth tax would tax assets as well.

[jopsen → aninhumer]

Which is probably also why it would be hard to implement :)

Also I'm not sure discouraging invests is a good side effect..

But it's an interesting thought nonetheless.

[coliveira → jopsen]

This is why taxing wealth is done at the time of inheritance.

[isostatic → coliveira]

Easy to avoid if you have enough to be worried about.