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The fundamental nested misunderstanding is that the wealth vs income misunderstanding doesn't matter unless you're making a finicky point about the way equities
by mhh__ 4y ago
The fundamental nested misunderstanding is that the wealth vs income misunderstanding doesn't matter unless you're making a finicky point about the way equities work.
- kortilla 4y agoIt absolutely matters because it chances the whole concept to retaxing more of peoples existing assets just because they appreciated in value. People for wealth taxes muddy this because the support for taxing things before any gains are realized is really thin.