Comment on Income Tax Is Theft
sahin@lemmy.world 5 hours agoThey are already doing this. 'Spending faster than they earn" you are still thinking like income tax. They need to spend their wealth. Staying in debt, like they need to borrow money, what are they gonna do with the money? They still need to buy something which increases their wealth.
So, think about wealth, not income. If you think like this, we will never be able to tax the rich. If that’s what you want, Idk
MentalEdge@sopuli.xyz 4 hours ago
Yea. I said that.
What do you mean by income tax? Because clearly you aren’t uderstanding what I mean.
I mean ALL income. Of any kind. No loopholes. The problem isn’t conceptual. It’s practical
You’re arguing for a complete conceptual shift for no reason, when what’s really needed, is just look tat how the rich ar avoiding taxation, and closing the legal loopholes they use. Which your “wealth tax” won’t do. Especially as “wealth” doesn’t actually have a value until it’s bought or sold.
sahin@lemmy.world 4 hours ago
Wealth has a value, land can be valued easily, we have data for years all around websites and in government about the lands everywhere. The houses are also like this. You can value a company by the factories it has people it employs etc, money it earns etc. This three is more than enough. The rest of wealth may not count, it is not important.
You cant fix loopholes without taxing all billionaires until none exists, because they will constantly bribe government. Even if you fixed loopholes, they will create intentionally.
MentalEdge@sopuli.xyz 4 hours ago
Then how is your proposal a solution?
sahin@lemmy.world 4 hours ago
Start by taxing everything above 10M dollars, then spread wealth control to all people, than start taxing wealth, not work because if you don’t tax wealth it will again cumulate and we will have to start over.