And on subject of taxation, discussions of fairness re: income tax are ridiculous.

Wealthy people don’t give a damn about income tax. They ‘earn’ through other means. It’s capgains, inheritance, other tax channels.

In principle, I’m for a flat tax on wealth. Everyone and everything — corporations, people, etc. — should pay a flat tax portion on their net worth each year. Everyone receives government services, everyone has to chip in according to their means.

Practicality of this approach seems next to impossible. Any ideas how this could be implemented?

BTW, I agree with you on social security PG. It’s long-term insolvent. We should be paying out based on need as a way to curb the structural imbalance ($$).