Comment on If AI takes most of our jobs, money as we know it will be over. What then?
Vinstaal0@feddit.nl 3 days agoYou still wouldn’t want to do any taxation at 100%, make it 70 or 80% sure, but 100% is just bullshit and 70-80% will be enough. The way to get people to accept higher taxes is to explain it to hem. People will also do everything in their power to not pay that 100% tax, including just stopping their Dang business for that year if corporate income would be taxed at 100%
The spousal thing is generally solved in the world by giving an exception, in NL it’s like the first 800k is tax-free when your legal spouse dies.
Money inside companies is just money that will be taxed at a later date, the issue is that billionaires in the US put their stocks up as collateral taking out loans. It would be taxed again if they dividend it out or pay themselves somewhat of a wage.
The issue with companies is that evaluating them is something that you just cannot easily do every year for the tax report, unless you just go look at the equity = company value. We do have some designation for small, median and large companies based on revenue, balance total and FTE count, well at least in NL it is based on those 3.
Small companies need some tax breaks and larger companies don’t, but a lot of companies are split up to multiple different companies to be able to benefit from tax breaks.
Property should be community owned and exclusivity agreements should be temporary (i.e. real estate should be owned until death).
Owning a single property is not the issue, every family should be able to own one. It’s the fact that people own multiple properties. You want to make it so it is not a good financial decision to own multiple properties, either you as a business or you as a person.
generational wealth shouldn’t be a thing. You mean massive amount of generational wealth, but in my example that kid that lost his parents should still inherent that house right?
Just increase the inheritance tax for everything after a mil or so. It’s still a couple taxation, but hey
sugar_in_your_tea@sh.itjust.works 3 days ago
The idea is rooted in the same ideas that Georgism is based on, which is the idea that people should own the value they create themselves, whereas things like property should be communally owned. Inheritance money isn’t created value, so I think there’s a good argument that it should be capped, and any excess should go to the people…
I don’t believe in inheritance tax to fund the government though, it should merely be redistributed either as cash or donations to unaffiliated charities. The only tax used to fund governments should be land value taxes.
Vinstaal0@feddit.nl 2 days ago
100% inheritence tax will go to the government though.
Still it’s basically stealing from families anyway.
sugar_in_your_tea@sh.itjust.works 2 days ago
I’m saying it shouldn’t, it should instead be distributed to the people. It should be used for something like UBI.
Vinstaal0@feddit.nl 2 days ago
Which goes through the government.
Again if you want more income for those at the bottom you want efficient tax methods and 100% is not an efficient tax method since people will do EVERYTHING they can to avoid it. If people can accept a tax rate, they will pay it. Well a lot more people will pay it.