And I was referring to UK times richest list vs top taxpayers list.
We tax income, so workers, we don’t tax the wealthy who never earnt their money in the first place.
No its not, thats mostly untrue, if they paid their fair share they wouldnt have such obscene wealth. Thats the only way to accumulate suh wealth, fraud.
That’s a completely void of all logic conclusion you’ve come to.
How do you define a “fair share”? Does someone being taxed on the value of all of their assets, including unrealised gains, every year compared to someone who pays only tax on their income, seem “fair”? How?
When the richest don’t have any income, and therefore don’t pay any income tax, it’s not ever going to be fair. They got that rich through exploitation of public goods and services and refuse to pay back in to the system that made them.
We must tax wealth as too many have ‘passive income’ in the form of unrealised gains on stocks which they never sell, they take loans out against their value and continuously buy more and more assets until there is nothing left.
The top richest times list and the top taxpayers list don’t have any overlap. The majority of billionaires pay fuck all tax.
https://nchstats.com/who-pays-most-taxes-in-america/
You’re just wrong.
You have no idea, tax on income is nothing.
We should be taxing wealth, not work.
And I was referring to UK times richest list vs top taxpayers list. We tax income, so workers, we don’t tax the wealthy who never earnt their money in the first place.
No, you shouldn’t be taxing wealth for all the reasons I’ve listed many times.
We should absolutely be taxing wealth, if we don’t the economy will continue to become more and more in the hands of fewer and fewer.
Wealth should be taxed, if you can take loans out against the value of your stocks, then that should be taxed.
The only other workable solution is to make those types of loans illegal, then taxes on realised gains can actually be utilised.
If not, we should absolutely be taxing wealth, otherwise the wealthiest will continue to not pay their fair share.
“Not pay their fair share” when they each literally pay more than the bottom like 50% combined is an odd thing to say.
No its not, thats mostly untrue, if they paid their fair share they wouldnt have such obscene wealth. Thats the only way to accumulate suh wealth, fraud.
That’s a completely void of all logic conclusion you’ve come to.
How do you define a “fair share”? Does someone being taxed on the value of all of their assets, including unrealised gains, every year compared to someone who pays only tax on their income, seem “fair”? How?
When the richest don’t have any income, and therefore don’t pay any income tax, it’s not ever going to be fair. They got that rich through exploitation of public goods and services and refuse to pay back in to the system that made them. We must tax wealth as too many have ‘passive income’ in the form of unrealised gains on stocks which they never sell, they take loans out against their value and continuously buy more and more assets until there is nothing left.