the rich are ruining every country, every economy except for their own, and the environment. let's make the rich extinct before they make all of us extinct.
They’re also destroying the entire biosphere
Nah man it’s the bioflat, wake up sheeple!
I also read they started doing this in some American state and it raised 1.8 billion dollars. If this idea appeals to you, try to find out if there are any petitions in your country that suggest something like this. If you're from the Netherlands, the SP has a petition like this.
That's HORRIBLE! We should INSTEAD be Taxing Homeless Mothers to raise that Money INSTEAD!
The rich are going to get to the "find out" stage one way or the other. Do I generally like a wealth tax? No. Do I think it's needed now because Republicans fucked up our country with repeated tax cuts for the rich over 60 years that we would never otherwise recover from? Yes.
Because this is a tax on assets and not income it seems to me that there could be some unfair situations, for example you inherit a property that is not so easy to sell and are now taxed on it, or you have shares/stocks in your startup company and are now taxed on it even though you haven’t sold them (and quite possibly can’t sell them).
I believe it would be better to tax income while closing some of the loopholes like allowing borrowing money against stocks and properties.
Unfortunately finding a realistic way on how to do it is close to impossible
Why, just tax based on value at a given date. In the Netherlands they tax bank value based on december 31st amounts over a specific value. And your house. They can also do that with portfolios of shares, bonds and other things people can use as collateral.
If you can borrow against a portfolio of shares, we can tax it too.
Make taxes too high and instead of people paying it, they will just move to another country where they don’t have to.
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