Posted: Oct 11, 2005 By: Thomas A. Lawler

Subject: Taxing Wealth

Comment: Having a very low marginal tax rate, but taxing wealth, is something you should consider. Taxing income regardless of wealth does not deal with ability to pay, and does not correlate as well to the benefit an individual gets from our structure of laws and government that protects personal property "rights". since wealth, or net worth, is at least 500-600 times income, the same amount of revenue could be raised with a much lower marginal tax rate.