brbposting@sh.itjust.works to Political Memes@lemmy.world · 1 year agoTemporarily embarrassed millionaires pt. 2sh.itjust.worksimagemessage-square7fedilinkarrow-up13arrow-down10
arrow-up13arrow-down1imageTemporarily embarrassed millionaires pt. 2sh.itjust.worksbrbposting@sh.itjust.works to Political Memes@lemmy.world · 1 year agomessage-square7fedilink
minus-squarepearsaltchocolatebar@discuss.onlinelinkfedilinkarrow-up1·1 year agoAn income tax would be pointless for the wealthy. Most of their wealth is in unrealized capital gains or other investment vehicles, not from salaries. There would need to be a mechanism to tax unrealized capital gains, or just networth in general.
An income tax would be pointless for the wealthy. Most of their wealth is in unrealized capital gains or other investment vehicles, not from salaries.
There would need to be a mechanism to tax unrealized capital gains, or just networth in general.