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Taxing transactions other than capital purchases isn't going to make much of a dent in inequality. The reason we have such inequality is from capital income and
by barrkel 7y ago
Taxing transactions other than capital purchases isn't going to make much of a dent in inequality. The reason we have such inequality is from capital income and appreciation. Taxing ordinary income or outgoings won't help much.
- 3131s 7y agoOk, fortunately Yang also wants to increase capital gains taxes to the same rate as income taxes. https://www.yang2020.com/policies/capital-gain-carried-interest-tax/ https://www.yang2020.com/policies/capital-gain-carried-inter...
- StreamBright 7y agoIt would make more people move to tax havens.