[deleted]
Comment on Income Tax Is Theft
Kolanaki@pawb.social 3 weeks ago
In the current system, yeah. It’s just extortion of the poor.
Inherently, though, taxes are good. They just need to actually be collected fairly and proportionally, which, again, the current system does not do because it is corrupt.
CombatWombatEsq@lemmy.world 2 weeks ago
GreatWhite_Shark_EarthAndBeingsRightsPerson@piefed.social 2 weeks ago
Actually no that is not healthy for any group of people, the goal should be raise all people’s resources, not just a few or some & not just money, & that is what income tax is supposed to do. If you are in a Political Left society, over a Capitalist or Feudalist (which we are now moving into) society.
CombatWombatEsq@lemmy.world 2 weeks ago
[deleted]GreatWhite_Shark_EarthAndBeingsRightsPerson@piefed.social 2 weeks ago
This for all repliers & OP who think taking away The Wealth Tax is good idea that benefits all people. If you are for taking away Wealth Taxing, which was created to even out resources available for each economic classes, than you for leaving money & resources in the hands of Rich-Super Rich Economic Classes/Owners. Which even at 90+% taxing (with no loopholes) of their wealths, they would still have enough to easy be rich. Plus the non-Rich-Super Rich Economic Classes/Owners would have programs that increase their money & resources removed & thus drastically continuing negatively affect their lives. I & the rest of the unemployed & poor people do not have enough income to be effected, thus no we will not taxed by 30% or any percentage. Yes, the employees, non-poor & non-Rich-Super Rich Economic Classes/Owners pay taxes, but they do not have enough wealths to pay wealth tax, too higher, but is because theRich-Super Rich Economic Classes/Owners pay so little in taxes. & you on top that want to take away wealths taxes that you qualify to pay.
sahin@lemmy.world 3 weeks ago
Taxes are good, income tax isn’t
MentalEdge@sopuli.xyz 3 weeks ago
What is the difference between income tax and your “wealth” tax?
Is it not just the exact same thing, but applied at a different point in the process?
sahin@lemmy.world 3 weeks ago
Like, 75% of billionaires get it by inheritance. Wealth can increase without income, Elon Musk doesnt have an income, it has wealth. A person with a land that 100x’ed in 10 years doesnt have an income, but his wealth increases.
Elon buys Twitter without liqudating his wealth. Similarly, every rich does it. The taxes are mostly paid by the workers, while the rich pays near 0 tax.
You get me?
When you tax wealth, not work, a person with 30K a year income, now has 40K, while the house he wants to buy was 200K, now 150K because people dont want to pay this tax, and they sell their 100 houses.MentalEdge@sopuli.xyz 3 weeks ago
That doesn’t answer my question.
A workers salary ≠ Income
It’s one form of it.
Stocks are income. Inheritance is income. Land appreciation is income.
How is your conceptual wealth tax, not just the same as what income tax should already be.
The problems you list are all loopholes in the applicable laws, not income tax as a concept.
You get me?
MentalEdge@sopuli.xyz 3 weeks ago
And would a “wealth” tax not have an inherent loophole in that the “rich” could avoid paying tax by simply spending faster than they earn, or even staying in debt, as many “milllionares” do?
And would it not punish poor people who try to save up, by taxing them more the more they save up?
Protoknuckles@lemmy.world 3 weeks ago
Yeah, I hate the whole “taxation is theft” argument. Motherfucker, taxation is cooperation. I want our roads paved, our children educated, our people healthy, our science interesting and our infrastructure strong. I’m willing to chip in for that.
I do agree with OP though that the current system and government is fucked.