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Re: UK Guardian Newspaper - "How to kickstart the UK economy – at zero cost to 99% of us"

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  • roy_langston
    ... Japan used a one-time 25% wealth tax after WW II to get out from under a crushing debt burden. The effect appears to have been very salutary. So much of
    Message 1 of 3 , Jun 25, 2012
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      --- In LandCafe@yahoogroups.com, "John" <burns-john@...> wrote:

      > The top 1% could be slapped with a on-off 10% taking of their wealth which would spark the economy and not hurt them at all.

      Japan used a one-time 25% wealth tax after WW II to get out from under a crushing debt burden. The effect appears to have been very salutary.

      So much of the wealth of the super-duper uber-rich is of dubious origin, and so much of it is derived from the very same crooked deals that government has gone into debt to finance, that a one-time 90% wealth tax on personal assets over $10M would probably inflict very little real injustice or economic harm.

      -- Roy Langston
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