Building Fair Society with Capital Gain Tax

(May 5, 1997) Charlie #Munger believes that a fair amount of capital gain tax will improve the well-being of a civilization. Warren #Buffett continued that the taxation system should balance between the efficiency of a society and the fairness between people. As an example, while a civilization may generate more outputs when the tax is low, capital gain tax on the output will balance the wealth between the rich and the poor.

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