4 ms·

I never realized that... Wouldn't that loophole be the better thing to try to address then? Instead of just focusing on their wealth, instead focus on the loo

I never realized that... Wouldn't that loophole be the better thing to try to address then? Instead of just focusing on their wealth, instead focus on the loopholes.

mrkurt 5y ago
There is tremendous resistance to addressing that loophole. A wealth tax is one way to address it. An estate tax is another. So far a "wealth tax" seems more popular, because most people like the idea of a tax free inheritance but don't have untaxed wealth. Most people actually pay wealth taxes already when they buy cars or houses or a boat or an RV.