4 ms·
You don't get reduced taxes though, so your net income does decrease. The wealth tax isn't going to take the place of any other tax, it is in addition to the ta
by Konnstann 7y ago
You don't get reduced taxes though, so your net income does decrease. The wealth tax isn't going to take the place of any other tax, it is in addition to the taxes already in place. Whether you believe in the legitimacy of the wealth tax or not the people paying it won't be better off, nor will most of the people not paying it (disregarding benefits of the programs funded by the tax).
- beefield 7y agoIf the other taxes do not decrease, then that means you get some other benefit where the money is democratically being allocated. Tax money generally does not just disappear in a modern relatively free society. (Of course you can argue that western democracies are kleptocracies by default and all taxes just disappear to the pockets of the thieves and you get no benefit from them, but I personally do not consider that as a feasible starting point for a reasonable discussion)
- Konnstann 7y agoThat's why I put a disclaimer in parentheses. I was responding to the claim that a wealth tax would result in unchanged or higher income, which is patently false. My answer to getting some sort of "benefit" is programs like corn subsidies, which are not democratic, and are one cause of the obesity epidemic in the US, because corn syrup is shoved into anything and everything, fed to animals, etc. Again, not arguing against the wealth tax, just the assumptions behind taxation that are being made.