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> Taxes are already pretty high and unpopular. Taxes on income, yes. Taxes on spending, yes. Taxes on capital gains, not really. And taxes on property are virt
by majewsky 7y ago
> Taxes are already pretty high and unpopular.
Taxes on income, yes. Taxes on spending, yes. Taxes on capital gains, not really. And taxes on property are virtually nonexistent. And where's that financial transaction tax people were talking about 10 years ago?
- luckylion 7y ago> Taxes on capital gains, not really. The share of tax revenue they provide isn't that large, it's about as much as car tax. Even if they doubled it, it wouldn't really matter. Property taxes do exist, but they aren't a federal issue, they (together with a tax on company earnings) fund the local communities, the federal level is funded by income tax and sales tax, mostly. > And where's that financial transaction tax people were talking about 10 years ago? It was mostly activists talking about it in a "if we all got together and did this world wide, it would be so nice" kind of way. I don't see that happening any time soon.