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Comment by Copenjin | Hacker News Reader

Easy target, why not.

Because over time the threshold for the 'wealth tax' will be lowered until the middle-class are taxed out of their homes

The same middle class that is currently not able to afford a house?

exactly, because in the end the idea is to increase taxes for everyone. But hey, lets lower the bar of the super rich to those who own a car or a house or those who travel by plane or those who eat meat....

Yeah, the middle class is already being wiped out, leaving the working class with nothing to aspire to.

Soon there'll be nothing left between the elite and the wage slaves/serfs.

A 22 year old doctor might think they'll never own a house.

A 35 year old doctor has a modest house and a decade or two of payments ahead of them.

A 55 year old doctor has long since paid off their house, it's a decent house and it's worth a few million bucks now.

Thus, viewed collectively the doctor class simultaneously despairs of ever owning a house, and owns a multi-million-dollar house.

Everyone will want the threshold for the 'wealth tax' to be their wealth + $1, even better if the Smiths next door with all their vulgar displays of wealth are hit by it.

I on the other hand with my $1 lower wealth am an average humble common man of the people.

Hypothesis based on what? Also, what you call "middle-class" already has quite a few issues in acquiring and keeping a house.

> Easy target, why not.

If the super-rich are such an easy target, how come the article states they also avoid any type of income tax?

It's pretty easy to avoid income tax by not making any income. Works for rich and poor alike.

Because there are specific laws that can be bent to avoid paying taxes. And politicians have never targeted them, for various reasons.

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