Not an economist, but I can't imagine so. You seem to think different, that's why I'm turning it around. Am I off base?
- From the perspective of a communist, it's clear.
- From the perspective of a libertarian, it's clear.
- From the perspective of people who want to stay within the bounds of capitalism but would like to have some way to curtail inequality, a group to which I belong, it's not clear.
If you're of the same beliefs but are unable to present and defend a specific solution to address the problems presented, as I am, you should welcome those questions.
I'm not trying to fight you, I'm unclear on where you're unclear and trying to understand.
I'm not going to be able to comment on that with any confidence.
(And, yes, of course: establish a sensible annual exclusion, so no one accuses me of trying to demolish second mortgages for middle-class families, or whatever.)
What (good-faith) second-order drawbacks might this have? I'm genuinely curious about whether this would be a feasible idea.