Quote:I'm starting to think you are a complete communist.   No insult intended. 

 

You're going to spur investment by taking away the money that people would invest?  

 

You think the money is hoarded?   What do you think happens to that money?   That rich people put it under a mattress?   What is this, the middle ages, where rich people had hoards of gold in their castles?  

 

Communism? Why would you even need money for communism.

 

Don't be so small minded, ytraM, think about it for a moment, you spur investment by incentivising it. The problem we have currently is all of the incentive is in the wrong direction, things like tax breaks for moving factories overseas. Instead some good negative reinforcement is needed. A wealth tax is a good method for it. Wealth that sits around not getting spent or invested gets a small tax on it. It's really not that incredible of any idea since most wealth is invested anyway. Along with proper trade and labor reform it would create a very positive effect.

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