"A wealth tax would be unpopular because you'd still need to raise the retirement age"

followed immediately by

"the country will have to raise its absurdly low retirement age"

Such a pathetic argument that it doesn't even get an author name attached

Unfortunately for the wealthy, they basically have all the money. So if governments want or need more, there’s few alternatives. It’s not that it’s fair or not, but taxing people without money accomplishes little.

Unfortunately for the wealthy, they basically have all the money. So if governments want or need more, there’s few alternatives. It’s not that it’s fair or not, but taxing people without money accomplishes little

I guess governments can try mandating that companies must provide and adequately fund defined benefit pension schemes that endure independently of the company’s life. But that favours workers, and I guess we can’t have that.