Originally Posted by blutoski
Sorry, I did understand that issue as you presented it (at least I think I did and agree that it would be an issue with a wealth tax). You'd have people with low incomes who have "wealth" in the form of a house that they purchased at a low price and have been living in for a long time and is only at a high value because of rising real estate prices. Sure, they could sell the house now if the taxes were too onerous, but it seems pretty unfair that they should have to if we're trying to find a more equitable tax system. That issue that you raised seemed entirely reasonable to me.
The other issue that you raised was that in general the number of hours worked to pay for basic necessities has, on average, risen. That also
seems like an important issue but it's one that's a little difficult to measure given that the nature of basic necessities has changed. I think food is probably the most straightforward, if we look at the price of produce or something. So I was wondering where you got that analysis and exactly what was being compared to what.