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Apparently nobody understands that the super rich make their income from long term capital gains treatment on stocks and this won't touch the wealth of the top
by programminggeek 8y ago
Apparently nobody understands that the super rich make their income from long term capital gains treatment on stocks and this won't touch the wealth of the top 1% meaningfully anyway.
TL;DR - Buffet, Gates, and Bezos will still be stupid rich and this won't solve anything.
- gregimba 8y agoThe other aspect is you just have corporations buying assets for the use of their owners which sidesteps income tax as a whole.
- tivert 8y ago> Apparently nobody understands that the super rich make their income from long term capital gains treatment on stocks and this won't touch the wealth of the top 1% meaningfully anyway. Then why not create a higher-rate long term capital gains tax-bracket for those people, when you're also increasing the income tax rate for them?
- infinite8s 8y agoYes exactly, we need a progressive capital gains tax as well as a progressive income tax.