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If you paid attention to proponents of a wealth tax in the US, you would be aware that they only ever suggest it for vast wealths of like $10 million+.
by BosunoB 5mo ago
If you paid attention to proponents of a wealth tax in the US, you would be aware that they only ever suggest it for vast wealths of like $10 million+.
- pfannkuchen 5mo agoThat’s like 2 pretty good houses in the bay area. Hardly “vast wealth”, and these sorts of things are rarely inflation adjusted over time.
- acdha 4mo agoThe Bay Area is one of the most expensive parts of the United States and $10M still means you own half a dozen houses. I’d say that’s reasonably “wealthy” from the perspective of the majority of the population who struggle to afford even one. https://vitalsigns.mtc.ca.gov/indicators/home-values https://vitalsigns.mtc.ca.gov/indicators/home-values
- pfannkuchen 4mo agoSure, I’d agree with “reasonably wealthy”, just not “vast” wealth.
- mathgeek 4mo agoAnyone who owns two $500k houses is wealthy in 2026. I used to own two worth less than that and didn’t consider myself wealthy, but I was by the statistics.