4 ms·
That data is published quite often, no conspiracy here. The point is that the top 1% can be taxed more heavily, not that they own the majority of wealth.
by gilbetron 2mo ago
That data is published quite often, no conspiracy here.
The point is that the top 1% can be taxed more heavily, not that they own the majority of wealth.
- welshwelsh 2mo agoI'm not sure taxing them more heavily will actually result in significantly more tax revenue in the long run. Think about it: to pay for this tax, the rich will need to sell their assets. Who is going to buy those assets? What impact would that have on the asset price?
- inigyou 2mo agoReduced inequality brings its own benefits already by itself.
- juvvel 2mo agoWe could start by taxing capital gains progressively, similar to salaries. In my country, you pay a flat 25% no matter if you make one dollar or a billion. Why should a worker have to give away up to 50% of their salary when people with capital only have to pay 25% tax?