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Cake day: June 22nd, 2023

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    1 year ago

    Wealth and income are two different things. We should tax wealth savagely, i.e., the ownership of assets, and we should also tax income, but to a lesser degree.

    Just to level set: income refers to the flow of money earned over a period, like a salary or wages, while wealth represents the accumulated assets minus liabilities at a specific point in time