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Will the wealth tax be negative when assets drop in value?
by thrown_22 4y ago
Will the wealth tax be negative when assets drop in value?
- legolas2412 4y agoI thought assets give positive return in the long run. Why should they not pay appropriate taxes for an economic system that increases inequality
- ClumsyPilot 4y agoDoes the tax on corporate profits go negative when you make a loss? Does income tax become negative when I loose money?
- thrown_22 4y agoDo you lose money up to every other second? Wealth is not income until you realize the gains. If your car goes up in value you can't sell 1/100th of it to cover the your tax obligations.
- legolas2412 4y agoWeird, that never stopped property tax. Why can't one have a wealth tax too. Maybe we can tax only productive assets. And you don't need to sell a small proportion, just let the government own that tiny bit