Also if you have a million dollars or more and put it into the most generic stock/index imaginable, then it will grow by a few percent annually, while you do jack-ass nothing. Therefore it is only fair to introduce a wealth tax to tax these unearned-profits by maybe, let’s say 3% annually. That money could well go towards society, i.e. the people.
Decent idea, but the calculation is flawed based on the average US citizen income tax being ~14%. Why should excessive profits for the rich be only taxed 3%?
see, this exact type of infighting is exactly why leftists never get anything done in the US. instead of agreeing on a proposal that will make everyone’s living condition a little bit better, people infight about it “not being good enough”.
Also if you have a million dollars or more and put it into the most generic stock/index imaginable, then it will grow by a few percent annually, while you do jack-ass nothing. Therefore it is only fair to introduce a wealth tax to tax these unearned-profits by maybe, let’s say 3% annually. That money could well go towards society, i.e. the people.
Decent idea, but the calculation is flawed based on the average US citizen income tax being ~14%. Why should excessive profits for the rich be only taxed 3%?
see, this exact type of infighting is exactly why leftists never get anything done in the US. instead of agreeing on a proposal that will make everyone’s living condition a little bit better, people infight about it “not being good enough”.