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You think it's fair that the government should punish the frugal for not spending every dime they make?

If you and I earn the same but I spend all of my money on alcohol and pot, while you set aside to pay for your kids' college, how is it fair that you pay more tax?

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There is an argument wherein you could say that those who merely sit on their wealth are causing economic stagnation. Taxing wealth becomes an incentive for the wealthy to have their money make more wealth, instead of just sitting on a mountain of gold coins and interests rates could again rise.

You could make that argument and I might even listen. It's in no sense fair even if it makes economic sense though.

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