5 ms·
I mean, they are both kind of true. The only thing palatable to the government is to raise income taxes. They won't dare touch capital gain tax or property tax
by nvarsj 3y ago
I mean, they are both kind of true. The only thing palatable to the government is to raise income taxes. They won't dare touch capital gain tax or property tax - which is where the vast majority of wealth is concentrated. Income tax is absolutely brutal in this country, with the 100k cliff for example. It's very hard to accumulate wealth via salary.