EPTEven if you tax billionaires then they get subsidized through their corporations on the other end.
Everything‘s just fucked up at this point lol.
US Politics Mega-thread - Page 5382
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Vivax
22099 Posts
Even if you tax billionaires then they get subsidized through their corporations on the other end. Everything‘s just fucked up at this point lol. | ||
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Manit0u
Poland17515 Posts
On December 11 2025 09:16 Acrofales wrote: A flat wealth tax sounds so much easier than a tax on unrealised gains. Tally up everything you own at whatever it's valued at on December 31 and pay the tax man 1% of anything over 500k. Can make it progressive if you really like and tax anything over 5m at 2%. In particular, it doesn't matter where that wealth is located. If you happen to have a few blocks of gold in a vault in Switzerland, that doesn't matter. You pay tax where you live. Similarly having a crypto wallet with a few bitcoins gets taxed too. Or Japanese stocks. Or real estate in Iceland. You can obviously lie about your assets and your wealth. If the tax man catches you, get a walloping fine. The problem with taxing rich people is that they have all the tools to avoid being taxed. Most of them don't "own" anything, it's in someone else's name etc. They don't hold cash and if they want to buy something they simply take a loan against some of their stocks or something, buy it and let interest from the stocks pay off the loan over time. If they somehow catch the eye of a taxman they can also just hire poor art student to do some painting or sculpture for $2k, have their friend art critic value it at $2m, put it up for auction and give all the proceeds to charity for a hefty tax cut. Taxes are for poor people, billionaires at this point are beyond the concept of money in general. If you want to have a healthy economy you want to break up big corps who are siphoning all the wealth out of the economy instead of providing value and make it so that the majority of your country's wealth is moving among small and medium businesses because that's what's actually making the economy grow and what you can reasonably tax. | ||
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