One hedge-fund manager who, before the election, was terrified Mr. Obama would usher in “confiscatory” tax policies breathed a sigh of relief.

大选之前,某对冲基金经理曾担心奥巴马会开创”充公性”的税收政策,如今,他长舒了一口气.

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In its ruling, the council said that its rejection was made without examining "other grievances" against the tax, such as its possible "confiscatory character".

委员会说道在裁定拒绝这个方案时，没有衡量其他违背税收的因素，比如税收可能有充公的因素。

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But it makes little sense to impose confiscatory tax rates which would collect little revenue while discouraging economic activity.

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Simply stated, it is very difficult for governments to impose and enforce confiscatory tax rates when investors and entrepreneurs can shift their economic activity to jurisdictions with better tax policy.

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Along the lines of the above, a more confiscatory estate tax is often trotted out as a way of equalizing wealth inequalities.

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