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6/12/2025, 10:51:23 PM
>>40036311
>>40036388
How do you think this works? If we are talking about circumstances where the Democratic Party would be pushing for a wealth tax at all, then it is a situation where the capital class' grip on politics has already weakened enough that their ability to sneak loopholes in is compromised.
Every asset has a registered owner and there are records on what it is worth/was last sold for. Tax those who have a lot on what they own and don't tax them if they possess little. If an asset's true owners cannot be identified because of nonsense like shell companies, tax it at the highest rate to force tax dodgers to come forward with their identities.
Assets are not something billionaires can run off with to their tax shelters, so it is a tax they cannot avoid. On top of that, any nation, law firm, bank, or other entity that wants to help wealthy tax dodgers can also be put down for American sanctions. Prison sentences should also be a possibility for those who want to aid and abet tax dodging. With extradition treaties, they won't be out of reach. If the capital class owns what is on American soil, then they will pay American taxes.
>>40036590
If I won the lottery in 2020, I would have paid 47.75% in combined INCOME taxes in my state before I even got the money. If I had then taken that money and bought all the real estate I could get my hands on, my paper wealth today would be 76% of the amount I won (based on real estate going up 47% these past 5 years), plus whatever else I could get with the rental income I could make in that time. And then I get to compound on that into eternally and pass it on to my family with many tax loopholes so they can also compound on it forever. Do you see what the difference between an income and a wealth tax is now?
>>40036388
How do you think this works? If we are talking about circumstances where the Democratic Party would be pushing for a wealth tax at all, then it is a situation where the capital class' grip on politics has already weakened enough that their ability to sneak loopholes in is compromised.
Every asset has a registered owner and there are records on what it is worth/was last sold for. Tax those who have a lot on what they own and don't tax them if they possess little. If an asset's true owners cannot be identified because of nonsense like shell companies, tax it at the highest rate to force tax dodgers to come forward with their identities.
Assets are not something billionaires can run off with to their tax shelters, so it is a tax they cannot avoid. On top of that, any nation, law firm, bank, or other entity that wants to help wealthy tax dodgers can also be put down for American sanctions. Prison sentences should also be a possibility for those who want to aid and abet tax dodging. With extradition treaties, they won't be out of reach. If the capital class owns what is on American soil, then they will pay American taxes.
>>40036590
If I won the lottery in 2020, I would have paid 47.75% in combined INCOME taxes in my state before I even got the money. If I had then taken that money and bought all the real estate I could get my hands on, my paper wealth today would be 76% of the amount I won (based on real estate going up 47% these past 5 years), plus whatever else I could get with the rental income I could make in that time. And then I get to compound on that into eternally and pass it on to my family with many tax loopholes so they can also compound on it forever. Do you see what the difference between an income and a wealth tax is now?
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