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We have to reframe how taxes are viewed, by the wealthy. There should be no wealth tax, but above a certain threshold - there should be a maintenance fee assoc
by JAlexoid 11mo ago
We have to reframe how taxes are viewed, by the wealthy.
There should be no wealth tax, but above a certain threshold - there should be a maintenance fee associated with the wealth. I get charged maintenance fee by my mutual funds, for example.
One of the purposes of the government is to protect and secure property... and that is what ultra wealthy are getting for a fraction of what they should be paying.
- blitzar 11mo agoCapital gains should be taxed like income. Fuel for private jets should be taxed like fuel for a car. The corporations that generated large quantities of wealth for their owners should pay decent wages for their employees. There is a lot of low hanging fruit.
- JAlexoid 11mo ago> Capital gains should be taxed like income. Arguably capital gains should be taxed at a higher rate than income. But that's not going to happen, because your home's change in value is capital gains.
- antisthenes 11mo agoHomes already have giant flat exemptions for gains when sold.
- koolba 11mo agoThe purpose of which is to encourage mobility. Sack that tax credit and watch the housing market becomes even more illiquid.
- vorpalhex 11mo agoSo the wealthy will do what you and I do: shop for the best rate. That rate will not be where you and I live. It will be some tiny foreign government.
- sam_lowry_ 11mo agoA big government with military bases around the world could extend its tax base even to that tiny government.
- vorpalhex 11mo agoBombing people for more tax revenue seems like the wrong thing.
- sam_lowry_ 11mo agoNot bombing, a threat would suffice.
- vorpalhex 11mo agoSo we should bully people for tax revenue? And when some of those people say no? That seems like either a short lived con or very quickly we are bombing people. Why not just literally put a gun to someones head and rob them then? Skip the middlemen. Bombs are expensive as is jet fuel.
- archagon 11mo agoThey talk the big talk, but when push comes to shove, most still want to live in places with cachet and culture, not some tax haven in the boonies.