In the US and UK, retirement is only for the super-rich

Well, all of them, but are we talking asset tax or income tax here?

I don’t like income taxes, they are punishment for creating value and doing work.

But I’d go for a yearly asset tax of all value in excess of 1 million dollars, let’s say 3% until we get things settled out, then it’d probably go down.

Everyone that had to pay the tax for the privilege of living in a country where they are allowed to accumulate wealth I’d give a very nice medal, with Columbia Triumphant and a big cogwheel on it. They could wear it to parties with the other wheels.

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