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From the American perspective, they still have too much to spend on corrupting politics and justice hiding behind "spending money is free speech." There needs t
by tsuru 5y ago
From the American perspective, they still have too much to spend on corrupting politics and justice hiding behind "spending money is free speech." There needs to be a 90% tax bracket and we should subject capital gains to normal tax brackets if percentage of gross income is, say, 50% or higher. This makes more sense to me versus total wealth tax. Also reinstate a meaningful inheritance tax (aristocracy-prevention tax)
- taurath 5y agoThe lack of a wealth tax means they just get to pick and choose when they take their income out of their assets, always at the most favorable time. Capital gains going up wouldn’t make much of a dent in someone paying under 5%.
- tomrod 5y agoRight, this is a benefit of ownership is having control of how an asset is used.
- deleted 5y ago[deleted]