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> Is that true? Much of wealth is inherited, for example. And once people like Bezos have hundreds of billions, income isn't going to address the issue. Finally
by lend000 5y ago
> Is that true? Much of wealth is inherited, for example. And once people like Bezos have hundreds of billions, income isn't going to address the issue. Finally, who should pay more tax, a billionaire who makes zero this year, or someone who has nothing and makes their first $50K?
I forgot to add in the inheritance tax. Should be normal income subject to the same brackets. I don't really feel bad for the edge case heir who has to sell or donate their family estate because it's worth hundreds of millions of dollars and they can't afford the tax bill on its value.
And re: billions, Bezos has billions in unrealized gains, so actually it does. As far as anyone knows, no private individual actually has a stack of cash worth $100 billion sitting in a vault. These are gains waiting to be taxed, ideally by the system I proposed, but it will never happen because it would actually solve the problem.
> Do you have some evidence supporting that accusation? It's easy to make accusations.
Only the power of reasoning!
- wolverine876 5y ago>> Do you have some evidence supporting that accusation? It's easy to make accusations. > Only the power of reasoning! Reasoning depends on facts. Where are they?
- lend000 5y agoI think this is kind of the least important part of the original diatribe to be focusing on. But if this is the most important takeaway for you and you really want to preserve your adulation of certain pro-wealth-tax politicians, I'll say that it's impossible to truly measure how incompetent or well intentioned politicians are, so we can only reason that based on there being a simpler solution that hasn't been tried and is less glamorous, either the politicians have not thought of this simple solution or are aiming for something more beneficial for their political careers. Or maybe there is some brilliant reasoning as to why it wouldn't work which is just so obvious to them that they never thought it worth mentioning?
- wolverine876 5y agoYou love to make up things, now about me. If you use hyperbolic terms like 'adulation', do you think it makes it more true or persuasive? All it means is you are ranting; it only says something about you.