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I don’t mind a tax on my bank balance over $32,000,000 for example. I would need multiple lifetimes to spend so much money. Most of my money comes to me from re
by andrei_says_ 7y ago
I don’t mind a tax on my bank balance over $32,000,000 for example. I would need multiple lifetimes to spend so much money. Most of my money comes to me from real estate ownership and investments. I do not exchange time and life force for it. My bank account just grows.
It is ok some of it to pay taxes to make the lives of the less fortunate a bit less unbearable. After all I take 25-35% of their incomes in rent :)
(Note: well, I don’t really have such a bank account but if I did, I wouldn’t mind the tax)
- ohazi 7y agoI agree with you in principle on this particular example, but where is the cutoff, and how often will it move? Will it move accurately, or will inflation be used to sneak it downward?
- andrei_says_ 7y agoI am so not worried if the ultra rich will have a cutoff allowing them 20 or 25 or 27.5 lifetimes lived in luxury without the need to work. This is not where my concern lies.