2 ms·
> If you talk about taxes percentage-wise, you make clear that the super-rich do not pay their fair share Well, this is partisan / ideological stuff at this po
by cryptonector 2y ago
> If you talk about taxes percentage-wise, you make clear that the super-rich do not pay their fair share
Well, this is partisan / ideological stuff at this point. I'm only pointing out that the super rich can get away with paying very little in income and capital gains taxes. What's a fair share for the super-rich really depends a great deal on how they got rich (with corporate welfare?) and how much value they have added to the country and the world. And what the tax code should do about it is yet another story. I'm not even remotely advocating for some unrealized capital gains tax or, really, anything of the sort. If anything I think what's unfair and unwise here is that dividends get taxed as income twice (once at the corporation, once where received), which incentivizes reinvesting so as to grow a company's valuation [so as to grow its owners' net worth]. We might have more rich-but-much-less-rich people if we didn't double-tax dividends, and that would [probably] ameliorate the balance of power in the country.