Taxes are good, income tax isn’t
Comment on Income Tax Is Theft
Kolanaki@pawb.social 3 hours 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.
sahin@lemmy.world 3 hours ago
MentalEdge@sopuli.xyz 3 hours 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 2 hours 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 2 hours 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?
MentalEdge@sopuli.xyz 2 hours 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?
Protoknuckles@lemmy.world 3 hours 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.