For as long as he could remember, and his father before him, the Klan and other fringe organizations would always cry and shed tears about how they were being pushed to the edge and ostracized from the local communities. Most of the town ignored these common pleas. We knew how to deal with them and ignore them, we had our inoculated culture. A few businesses were locally known to be "Klan friendly", but it should surprise no one that they are not rich mega-corps.
It seems that in the internet age, this sort of culture of inoculation has not been passed on to the outside world communities, though the far-right ideologies may have. It is normal to decline the business of people you don't want to do business with. It is normal for it to be the fringe believers -- the ones that by their own choice are pushing themselves to live on that fringe. It is the simple free-market economy of supply and demand telling them that their demand is not necessary.
However, my father also taught me to be careful with this pushing of the fringe. It is a delicate balance of liberty with liberty-destroying ideology. The paradox of tolerance, etc. It should be very closely watched.
It is a win for the far-right to have y'all here on HN "disagree with them but still believe they should be here and not on the fringe". They will shed tears in public and privately rejoice at the welcoming change. It is a grant of liberty they suddenly inherited with tech to have had such a huge audience and defenders of their speech on private platforms all this time. It is only now that the culture of inoculation is catching up.
We should watch it closely & carefully though. We shouldn't be shedding tears for them.
We're not debating here the need for taxes, or labor protections. You don't get to justify bad policies by pointing that there are places where government regulation is called for.
Wealth tax is bad policy. Justify it on its own merits.
As an American living in Switzerland, a "good policy" (whatever that means) here has resulted in: 1) no capital gains tax, nor any capital losses and certainly no carryover loss shenanigans but 2) using a wealth tax in lieu of capital gains tax to collect any sort of tax on those who have presumably been using their capital to beget more capital.
Switzerland does not have any flight of capital, still actively is sought after for parking wealth (which is actually an economy-distorting problem as foreign investors seek to buy stable assets in the Swiss market), and definitely still has an ultra-rich class residing here or moving here.
So, if you thought wealth tax alone was bad policy, how does wealth tax plus removing everything-capital-gains (especially the carryover losses which the current US President likes to excessively utilize) sound as effective policy?