points by waffletower 5 days ago | 0 comments
There are so many mature and overly effective modern means to preserve wealth. Modern trusts, LLCs, corporations ad nauseum. It is embarrassing to make such a claim "(s)o much value is destroyed by this form of taxation" in 2026; So much concentrated and localized value was potentially diverted back then under such specialized and naive conditions, which is far from common now. And to the point, it merely could have happened and actually did not.
[–] rootusrootus 5 days ago