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It would take more from the poor than the current system, and less from the rich than the current system.
When you say "the on-going service of a bank (or banks) watching over your money (pay the tax), ", do you mean that the government takes 15% of your savings each year? That would work, to an extent, against aristocracy, but it would also make it virtually impossible for the poor to save money for retirement. It's much easier for a millionaire to make a high rate of return on their money.
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|...............| We live in the nick of times.
| Len 17, Wid 3 |
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