During the Juneteenth Holiday. There was talk about the wealth gap between white people, on average, and most people of color. How can that be addressed?
One solution that I doubt would be popular, but could be effective. An increase in capital gains tax; like a death tax. A tax on the windfall wealth folks have gained from real estate and other assets. A tax on wealth passed down through families.
Lots of people's goto tax is a tax on business, but business does need it's capital assets, like the building housing the business, to operate and people want the goods, services and jobs that business provides. It could be taxed also, but not smothered.
Seems like personal and family wealth would need to see a boost in the taxes, such as death taxes, that it pays to help address the wealth gap.
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