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The top 10% also have somewhere around 70% of the wealth, so the tax burden isn't quite as disproportionate as it seems. Feel free to compare income numbers if
by AlotOfReading 2y ago
The top 10% also have somewhere around 70% of the wealth, so the tax burden isn't quite as disproportionate as it seems. Feel free to compare income numbers if you're able to find them.
That said, why should we expect a direct relationship between increased tax burden and services received? You're not paying for services like a vendor, you're paying "society" in a sense.
- amazingamazing 2y agoagain, I am only talking about income taxes, which can be appraised and assessed easily. taxing wealth introduces complications beyond the scope of discussion.
- lostlogin 2y ago> taxing wealth introduces complications beyond the scope of discussion. That’s a key part of this discussion and argument. So once someone has the money, let’s just ignore it.
- amazingamazing 2y agothere is no objective way to calculate and appraise all wealth, so such discussions are meaningless inherently, the touching of said assets would immediately change its value, which would require recalculation, which would change the value again, etc. the only true way to do it is to tax upon realization, which is already what happens.
- lostlogin 2y agoThis is a bizarre argument. You can can throw your hands up and say it’s too hard or actually do something. Property tax, property sales tax, taxing capital gains, etc. None of this is new or novel.