3 ms·
> Prominent economists around the world have proposed higher taxes on capital and lower ones on labour. This so much. In Italy I pay: - 12.5 % of interest on
by epolanski 6mo ago
> Prominent economists around the world have proposed higher taxes on capital and lower ones on labour.
This so much.
In Italy I pay:
- 12.5 % of interest on government bonds
- 26 % of interest on stocks capital gains
- 21 % of taxes on the income I get by renting my real estate
- 37 %+ of taxes on my labor
- up to 57 % of taxes as a self-employed business
If this isn't rigged against productive working and beneficial for passive owning I don't know what is.
Of course numbers change across the world, but I have yet to see that many countries were this is inverted.
I'm well off financially and eventually, I'm less and less dependent on my work to live, but if this isn't a scam towards the general working population, then I don't know what is.
- leonidasrup 6mo agoSomeone has to pay for the past. "Italy recorded a Government Debt to GDP of 137.10 percent of the country's Gross Domestic Product in 2025." https://tradingeconomics.com/italy/government-debt-to-gdp https://tradingeconomics.com/italy/government-debt-to-gdp
- epolanski 6mo agoAnd why does it have to be labor? And why does this happen in virtually all of the world, including countries with low debt?
- leonidasrup 6mo agoDon'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-...