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I mean...yeah. Normal people do exactly this every month with credit cards, mortgages, etc. Should you pay a tax on your mortgage loan amount?
by collias 5y ago
I mean...yeah. Normal people do exactly this every month with credit cards, mortgages, etc. Should you pay a tax on your mortgage loan amount?
- toomuchtodo 5y agoMaybe? Depends on your net worth and your income. If the rules aren’t getting the desired results, you change the rules. Clearly (imho) the existence of billionaires demonstrates a deficiency in public policy and tax statute.
- AnimalMuppet 5y agoI don't think "there should be no billionaires" is a good starting point for deriving tax policy. I especially don't think it's good to have that as an undebated starting point.
- toomuchtodo 5y agoTo each their own politics and belief systems. Wealth is a form of power, government and democracy are checks and balances on power. Unchecked power corrupts. Ergo, my position. I appreciate that others might not agree, that’s what voting is for.
- AnimalMuppet 5y agoWell, every year I pay a tax on the value of my house and property. The difference is that I pay it to the state, not to the Feds.