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California commits economic suicide as tech investors flee wealth tax
- ironbound 9mo agoWhen normal people skip tax they get jailed, the rich just pay their accountant's..
- tim-tday 9mo agoI mean, theoretically they were already taxed on it once. A wealth tax taxes accumulation, which happens after the tax on income. In practice billionaires are taxed at about half the rate of minimum wage workers. I was so mad when I got my first minimum wage paychecks. I worked so hard for so little and got taxed at such a high percentage. It seemed deeply unfair that billionaires and corporations paid a lower tax rate than me.
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- toomuchtodo 9mo agoAuthor: https://en.wikipedia.org/wiki/Robby_Soave https://en.wikipedia.org/wiki/Robby_Soave
- tim-tday 9mo agoDo billionaires make everyone else wealthy by spreading the wealth around or do the make everyone poorer by hoarding it?