The solution is not to rely on workers to finance your schemes. Most of our economic development is captured by the wealthy.
Do you need to sustain the elderly? Have 100% wealth tax at age 60 and use it to pay equal retirement for everybody above 60. Let elderly sustain elderly.
100% too much? Ok, let's say it's only for the money above 10 million. Or 50, or 100, whatever.
I sympathize with the idea in principle, but do you really think people who are that rich will not find ways to evade the tax? Most likely they can prevent such a tax being installed at all. Money = power.
You are right of course. What I'm opposed to is when poor people (by which I mean everybody except billionaires) claim that there are no other solutions instead of saying that there are plenty of other potential solutions but billionaires won't let us have them.
Do you need to sustain the elderly? Have 100% wealth tax at age 60 and use it to pay equal retirement for everybody above 60. Let elderly sustain elderly.
100% too much? Ok, let's say it's only for the money above 10 million. Or 50, or 100, whatever.