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> Problem? There is effectively no taxes on wealth, only income/capital gains Why do you see this as a bug rather than a feature? Sure, it disproportionally be
by ZephyrBlu 5y ago
> Problem? There is effectively no taxes on wealth, only income/capital gains
Why do you see this as a bug rather than a feature? Sure, it disproportionally benefits rich people but it's still beneficial for not-so-rich people.
I find it unlikely that there is a system in which rich people don't benefit more unless you create an arbitrary definition of "rich" (I.e. $10M net worth) and tax "rich" people more. Even then they'd probably be able to get around it.
> This system really screws over the middle class and immigrant families because we generally accumulate wealth through income
I disagree. Almost no one gets wealthy without owning assets that appreciate in value.