Posting this here cause a cursory search just kept showing me wealth tax results which is not what this is about. I'm basically curious about the viability of a tax system that taxes gross income based on net worth, to include an increase in total net worth from a trade. I can assume some inconsistency on assessment of goods held and growth in value of an asset probably shouldn't be taxed as much when realized as a gain, but would a system like this be viable in modern economics?
>holds all his assets in a holding llc
>>62229852is it viable? no, "net worth" is an easily gamed metric. but many systems (like determining creditworthiness) are based on evaluations of "net worth", which has caused the economy to become extremely fucked up
>>62229873Is there some other way of determining "wealth" that is viable then? Or are we just kind of screwed based on the current glaring holes in the assessment system
