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You do realize that a wealth tax of 1% on 5% gain is basically a 20% tax on idle asset appreciation. American middle class pays 1% property tax on their primary
by random314 6y ago
You do realize that a wealth tax of 1% on 5% gain is basically a 20% tax on idle asset appreciation. American middle class pays 1% property tax on their primary asset without flinching.
It is not applying taxes on income. There is a separate tax for it - it is called income tax. A tax cut friendly premier repealing tax laws means nothing. France did not implode in the decades it had a wealth tax. Its not like the USA with a rapidly declining middle class is a fine counter example.
And why are you so hurt at the thought of a 20% tax on asset appreciation on the idle rich? No one really gives a shit.
- aerosmile 6y agoI come here to learn and hopefully also share some insights with others. I thought you were genuinely trying to teach me something, which is why I engaged with you. But justifying sloppy arguments with "no one really gives a shit" doesn't really do it for me.
- random314 6y agoDoes learning for you involve responding with 1. Lol 2. You do realize 3. Pretending to be the only person who understands algebra If so, I thought you must be made of thicker skin; able to take what you dish out. My adoption of your style might not do it for you, but no one really gives a shit.