3 ms·
I don't care how its accomplished, but there must be a system that assures that everyone shares the same relative burden of paying for the costs of society. Rel
by keernan 10mo ago
I don't care how its accomplished, but there must be a system that assures that everyone shares the same relative burden of paying for the costs of society. Relative burden meaning the financial pain Musk experiences is the same as you and I experience.
Right now, income is the only thing taxed by the federal government. Unlike wage earners, the truly wealthy ( say over 100 million in assets ) only have income if and when they chose to do so. Every billionaire could chose to never pay a single penny of income tax - and remain a billionaire - forever. And that's exactly what they do. They do not pay income tax. Unless they have an asset readjustment reason to do so.