4 ms·
Note that this vote also has to alter the state constitution to permit this kind of tax If passed it will not be a “one-time” event, it will be a long-term dis
by stevenalowe 6mo ago
Note that this vote also has to alter the state constitution to permit this kind of tax
If passed it will not be a “one-time” event, it will be a long-term disaster
- leonidasrup 6mo agoThe ability to tax extremly large accumulated wealth is very positive. Don't forget, bilionares have succesfully exploited weakneses of the current tax laws. 1. Capital Gains Are Favored 2. Dividends Are Tax-Advantaged 3. Payroll Taxes Are a Non-Issue 4. “Buy, Borrow, Die” Strategy https://www.americans.com/money/see-why-warren-buffett-pays-a-lower-tax-rate-than-his-secretary/ https://www.americans.com/money/see-why-warren-buffett-pays-... We have to not obly fix the current tax laws, but also fix the results of past tax laws (extreme concetration of wealth and power).
- stevenalowe 5mo agoWealth != income This amendment creates a new power that is very destructive