4 ms·
> It will inevitably be abused, loopholed, and twisted by the most powerful to preserve the status quo, and it will be the middle and working classes that get s
by trs8080 5y ago
> It will inevitably be abused, loopholed, and twisted by the most powerful to preserve the status quo, and it will be the middle and working classes that get screwed by it.
as opposed to our current tax system? afaik, it's also "abused, loopholed, and twisted by the most powerful to preserve the status quo, and it [is] the middle and working classes that get screwed by it."
- uejfiweun 5y agoUh no, not as opposed to our current tax system. My entire point is that a wealth tax will be circumvented, just like our current tax system. If it was up to me I'd get rid of the income tax as well as a whole bunch of wasteful government programs.
- dragonwriter 5y ago> as opposed to our current tax system? Wealth tax is proposed [0] as a distraction from fixing the elite favoritism in the taxation of labor (income + payroll tax) vs. normal (just income tax) vs. capital (capital gains tax) vs. transfer (gift and/or estate tax) income. It's a means of protecting the current tax system. [0] Or, encouraged by elites as a focus when proposed by well-meaning activists who haven't really thought through the problems in the existing system well.
- caskstrength 5y ago> as opposed to our current tax system? Who said anything about replacing the current tax system? They just propose to slap additional tax on your RSUs.