It's a nice intention, but how do you devise that mechanism? If I keep $10,000 i... | Hacker News

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		dwolfson20 on Aug 15, 2011 \| parent \| context \| favorite \| on: Warren Buffett: Stop coddling the super rich It's a nice intention, but how do you devise that mechanism? If I keep $10,000 in my savings account for 30 years, are you going to tax it every year?

felipemnoa on Aug 15, 2011 | [–]

The government does that already by printing more money. The more money printed the less valuable your $10K. Better to keep money on assets that do not devalue with inflation.

wpietri on Aug 15, 2011 | [–]

Yes, that's how it works: http://en.wikipedia.org/wiki/Wealth_tax

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