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Wealth tax still seems highly unpopular in the general public, not to mention on HN. I think the average user here is more interested in bringing home FAANG sal

Wealth tax still seems highly unpopular in the general public, not to mention on HN. I think the average user here is more interested in bringing home FAANG salaries than solving the wealth gap.

xboxnolifes 5y ago
The problems with most talked about wealth taxes aren't the idea, but the implementation.
- bradlys 5y ago
  Indeed. We already have a wealth tax for the overwhelming majority of Americans and they don’t seem opposed to it. It’s called property tax. They all know what it’s used for. The issue with a wealth tax is purely a marketing one. Rich people have truly done a great job distorting the wording around a wealth tax.
  - tim333 5y ago
    When people say 'wealth tax' they usually are thinking add up all your assets and pay some percentage of that each year. There are quite a lot of practical problems with that.
    - bradlys 5y ago
      Yet most Americans have almost all of their wealth inside of their home and they pay a tax on it every year. Hmmm, interesting. It's almost like we made a system for this and made it easy for people to pay this tax... It's almost like there's ways to tax things easily and effectively... Hmm!!! Even for assets which can change dramatically in price every year like houses do! How does it work?! The practical problems are all very solvable. Again - this is just propaganda the rich sell into the minds of the masses to avoid taxation further. Don't buy into it. And stop spreading it.
dragonwriter 5y ago
> Wealth tax still seems highly unpopular in the general public, not to mention on HN. I think the average user here is more interested in bringing home FAANG salaries than solving the wealth gap. I’m more interested in making the existing set of taxes more equitable and less favorable to capital (extending equal taxation to capital income as labor income) than adding additional layers of complexity to the tax system.

Wealth tax still seems highly unpopular in the general public, not to mention on HN. I think the average user here is more interested in bringing home FAANG salaries than solving the wealth gap.

xboxnolifes 5y ago

The problems with most talked about wealth taxes aren't the idea, but the implementation.

bradlys 5y ago
Indeed. We already have a wealth tax for the overwhelming majority of Americans and they don’t seem opposed to it. It’s called property tax. They all know what it’s used for. The issue with a wealth tax is purely a marketing one. Rich people have truly done a great job distorting the wording around a wealth tax.
- tim333 5y ago
  When people say 'wealth tax' they usually are thinking add up all your assets and pay some percentage of that each year. There are quite a lot of practical problems with that.
  - bradlys 5y ago
    Yet most Americans have almost all of their wealth inside of their home and they pay a tax on it every year. Hmmm, interesting. It's almost like we made a system for this and made it easy for people to pay this tax... It's almost like there's ways to tax things easily and effectively... Hmm!!! Even for assets which can change dramatically in price every year like houses do! How does it work?! The practical problems are all very solvable. Again - this is just propaganda the rich sell into the minds of the masses to avoid taxation further. Don't buy into it. And stop spreading it.

dragonwriter 5y ago

> Wealth tax still seems highly unpopular in the general public, not to mention on HN. I think the average user here is more interested in bringing home FAANG salaries than solving the wealth gap. I’m more interested in making the existing set of taxes more equitable and less favorable to capital (extending equal taxation to capital income as labor income) than adding additional layers of complexity to the tax system.