Tag Archives: wealth tax

John C Dvorak thinks I missed his point? Think not! But you tell me….

So John C Dvorak took umbrage at my criticism of his promoting  a wealth tax and specifically that a “property tax” is a wealth tax and is “implemented just fine”.  Says I “obviously missed the point“.

Well, let’s examine his tweets and see!

Here are the originals, and my previous analysis on the merits of property taxes.

  1. People bitch and moan about inequality and high taxes. This would all be resolved by a Swiss-like wealth tax. Why is it not on the table?
    1. https://twitter.com/THErealDVORAK/status/490230914048208896
  2. People say a wealth tax is impractical and hard to implement. Well, property taxes are a wealth tax and they are implemented just fine.
    1. https://twitter.com/THErealDVORAK/status/490231212418424832
  3. A wealth tax would satisfy both Warren Buffet and Bill Gates who claim they want to pay more taxes. This would solve their grievance.
    1. https://twitter.com/THErealDVORAK/status/490231554677825537
  4. Income taxes are unfair because they do now allow people to accumulate wealth. A wealth tax is the only fair tax.
    1. https://twitter.com/THErealDVORAK/status/490231777575718913

In #4 he says: ” A wealth tax is the only fair tax”.  OK, that’s fairly straightforward and unambiguous.

In #2 he says: “property taxes are a wealth tax and they are implemented just fine.” Again, fairly straightforward and unambiguous, though completely wrong, again, see my previous analysis.

So, we have: wealth tax = only fair tax, property tax = wealth tax, and property tax = well implemented tax.  I would say that is a fair and accurate summary of Dvorak’s tweets. I  disagreed and demonstrated why a property tax ≠ a well implemented tax, and therefore why a property tax is not fair and not just.

In other words, I quite clearly got the point!

But to be fair, twitter may not be the best medium to convey the idea and rationale behind some topics; 144 character limit and all.  So, John C. Dvorak, please enlighten us as to why you think I missed your point.  I think I clearly stated your point above.

I will gladly post your reply, unedited and in its entirety, for everyone to judge whether I have or have not missed your point.  I understand if you prefer not to post here thinking I picked a fight merely to drive traffic. If you so desire, post your reply at the site of your choice and I will post a link to it there.

So, the ball is in your court. Can you defend why a property tax is a good tax which is implemented just fine?

What’s it gonna be?